JUSTIN, Texas, Dec.  18, 2024  (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company today announced the company has furloughed 82 employees, both salaried and hourly, and idling its factories in Oklahoma while it works to finalize securing the capital necessary to move forward with its operations. The company is in advanced discussions with various capital sources. Canoo said, "We regret having to furlough our empl…

Benzinga

New York

United States

Canoo Announces Furloughs and Factory Idle as it Focuses on Finalizing Securing Capital - Canoo (NASDAQ:GOEV)

Ad Fontes Media

Media Bias/Fact Check

Struggling EV startup Canoo says it has furloughed 82 employees and is idling its factory in Oklahoma while it grasps for the capital needed to survive.

All Sides

TechCrunch

Verizon Communications

Canoo furloughs workers and idles factory as it scrapes for cash

KFOR-TV

Nexstar Media Group

Tribune Media

Oklahoma City

Oklahoma County

Oklahoma

Canoo furloughs workers, idles factory

The electric vehicle company Canoo announced on Dec. 18 that it's furloughing Oklahoma employees and idling its factories in the state. In 2021, the company committed to building a factor in Pryor, which is one of the factories that will temporarily cease production. Canoo said in a press release that it's furloughing 82 employees, both salaried and hourly. 2 News is working to learn how many people Canoo employs in total. The company said it ma…

KJRH

E. W. Scripps Company

Canoo furloughs 82 employees, idles Oklahoma factories

Struggling EV startup Canoo on Wednesday that it has furloughed another 82 employees, just one week after confirming the second temporary workforce reduction.

ELECTRIC VEHICLES

Canoo Shuts Down Factories, Announces Another Major Staff Furlough

Struggling EV startup Canoo says it has furloughed 82 employees and is idling its factory in Oklahoma while it grasps for the capital needed to survive. The company claims it is in “advanced discussions with various capital sources” to raise emergency funding. The announcement comes just a few days after board member James Chen resigned, and roughly one month after the company saw its chief financial officer and head lawyer depart. Canoo is also…

RocketNews

Oklahoma, United States

Canoo Announces Furloughs and Factory Idle as it Focuses on Finalizing Securing Capital - Canoo (NASDAQ:GOEV)

Coverage Details

Give the gift of Perspective

Bias Distribution

Ownership

Similar News Topics

Similar News Topics