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Stock impact report

Canoo hit with two supplier lawsuits as last remaining co-founder leaves [TechCrunch]

Dana Incorporated (DAN) 
Last dana incorporated earnings: 4/30 06:59 am Check Earnings Report
Company Research Source: TechCrunch
company kicked off a major reorganization that included the departure of its chief technology officer. Canoo has also parted ways with senior director of advanced vehicle engineering Christoph Kuttner, who was the last remaining co-founder from the team of nine that created the startup in late 2017, TechCrunch has learned. Kuttner was one of nine co-founders who split off from Faraday Future at the end of 2017 to start up Evelozcity, the original incarnation of Canoo. Those co-founders have steadily slipped away from the company before, during, and after its transition from a private startup to a publicly traded company in late 2020 when it merged with a special purpose acquisition company. Kuttner and Canoo did not immediately respond to requests for comment. The supplier lawsuits, both of which were filed in September with Oakland County Circuit Court in Michigan, come at a time when Canoo is moving away from its original California headquarters and focusing increasingly on Show less Read more
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