EV startup Canoo has filed for bankruptcy Photo by NASA / Isaac WatsonCanoo announced yesterday it is ceasing operations “immediately” and that it has filed for Chapter 7 bankruptcy in Delaware. The EV startup estimates in its filing that its assets are worth $126 million and that it owes over $164 million to its creditors, TechCrunch noted yesterday. Now, the US will appoint “a Bankrup…

Canoo Must Survive Long Enough For Its Adorable Royal Mail Delivery Van To Take Over There are a lot of electric vehicle startups designing a lot of cool looking EVs, each having varying levels of success. Canoo is one such startup that’s had a tumultuous few years but now, after dodging death countless times, it’s got a new delivery van out on the road that I can’t help but fall in love with. Read more…

Canoo Imposes ‘Mandatory Unpaid Leave’ On All Employees, Locking Workers Out Of Systems Until 2025 Good morning! It’s Monday, December 26, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more…

Canoo Spent Double Its Revenue On CEO’s Private Jet Flights Good morning! It’s Thursday, April 4, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more…

Apple Car Executive and Former Canoo CEO Ulrich Kranz Facing SEC Lawsuit Ulrich Kranz, the former CEO of electric car company Canoo and a key executive on the Apple Car team, is facing an SEC lawsuit, reports Bloomberg. The U.S. Securities and Exchange Commission believes that Kranz provided unreasonable revenue projections for Canoo and also misstated how much he was paid. Apple hired Ulrich Kranz back in 2021 for …

The former Canoo CEO hired by Apple is facing a lawsuit from the SEC Image: CanooUlrich Kranz, the Apple car executive who served as the former CEO of the EV startup Canoo, is facing some legal trouble. On Friday, the Securities and Exchange Commission filed a lawsuit against Kranz and former Canoo chief financial officer Paul Balciunas over claims they provided “unreasonable revenue projections” to investors, as…

NASA shows off new Canoo EVs that will shuttle its Artemis crew around Photo by NASA / Isaac WatsonNASA got some new crew transports yesterday: a small fleet of three all-electric, “specially designed” vans designed by EV startup Canoo that will shuttle the fully suited-up Artemis crew, support personnel, and equipment to the launchpad at the John F. Kennedy Space Center in Florida. NASA will also use the new fleet…