The company says it was in discussions with “foreign sources of capital,” but ultimately decided to file for insolvency.

Tesla CEO Elon Musk should probably read the warning labels of the US electric vehicle market now, as most of the companies ...

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Last week, Canoo announced that it had filed for bankruptcy and had "ceased operations". Canoo had recently moved their headquarters from California to Justin, TX in North Texas. Below is a video from ...

US electric van manufacturer Canoo has become the latest innovative vehicle start-up to file for bankruptcy after failing to ...