YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Electric vehicle startup Canoo announced it would "cease operations immediately" amid a bankruptcy filing.
The company is liquidating its assets through Chapter 7 proceedings.
In the bankruptcy filing, Canoo pointed to more than $164 million in liabilities against assets of $126 million.
Read more from TechCrunch.
Nonprofit receives $250K grant to help fund facility.
This is "proof positive" that the electric vehicle market does not make sense if the government doesn't subsidize it (Trumps executive action yesterday). I do not wish to sponsor/subsidize my neighbors desire for an electric car.