Canoo Announces Furloughs and Factory Idle as it Focuses on Finalizing Securing Capital
Canoo Inc. - Class A (GOEV)
Company Research
Source: GlobeNewswire
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 employees, especially during the holidays, but we have no choice at this point. We are hopeful that we will be able to bring them back to work soon.” About CanooFounded in 2017, Canoo Inc. (NASDAQ: GOEV) is an automotive tech company that manufactures electric cargo vehicles, built to deliver, for large commercial, government and fleet customers globally. The company has developed design-forward innovative electric vehicles with steer-by-wire technology on its common modular platform with end-to-end software plus power solutions. Canoo’s platfo
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GOEV
News
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- Is Canoo (GOEV) a Buy as Wall Street Analysts Look Optimistic? [Yahoo! Finance]Yahoo! Finance
- Canoo Announces Adjournment of Annual Meeting [Yahoo! Finance]Yahoo! Finance
- Canoo Announces Adjournment of Annual MeetingGlobeNewswire
GOEV
Earnings
- 11/13/24 - Beat
GOEV
Sec Filings
- 12/20/24 - Form 8-K
- 12/13/24 - Form 8-K
- 12/6/24 - Form 8-K
- GOEV's page on the SEC website