Canoo Halts Operations, Puts All Employees on Unpaid Break

The Frontier

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Canoo could be required to repay Oklahoma incentive money

The company is idling factories in Oklahoma City and Pryor and looking for money to continue operating.

NWAHOMEPAGE

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Former employee: Canoo never built vehicles in Oklahoma, most employees never moved to Oklahoma

OKLAHOMA CITY (KFOR) — A former high-level Canoo employee, speaking exclusively to News 4, says he is not shocked the company, which received major financial support from the State of Oklahoma, furloughed all its employees and shuttered its Oklahoma production facilities on Wednesday. In fact, he says, despite telling the public and its investors otherwise, the company never built any vehicles in Oklahoma at all. In 2023, Governor Kevin Stitt an…

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Canoo furloughs workers, idles factory

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Canoo furloughs workers and idles factory as it scrapes for cash

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.

Benzinga

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

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…

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Canoo furloughs 82 employees, idles Oklahoma factories

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…