The Latest Breaking News from Canoo

Also Canoo's downfall has caught wind of an equally scarred EV maker

Designing a cool, futuristic electric van is one thing, but bringing it to the market and making money is extremely difficult. Just ask Arrival and Canoo about this. However, when you have two carmaking heavyweights and a shipping giant backing you up, the outcome has a better chance of being…

The world was a bit shocked when news of a potential merger between Honda and Nissan was dropped. But the bigger question that crossed many minds was, "Why?" We know Nissan has been in some financial trouble lately, but for Honda to consider throwing it such a lifeline is perplexing.…

In other EV news, an executive's departure spells turmoil for a faltering EV startup.

How the Thrive Capital founder approached his OpenAI investment.

“Everybody in the building—everybody in the company—knew that there was a safety issue,” one former employee says.

Canoo, that boxy little EV startup with big ambitions, is in trouble. Despite futuristic vehicle designs and government contracts at its doorstep, the automaker hasn't been having great luck gaining traction. And its latest actions show that the struggling upstart might be struggling to keep the lights on.

The startup was previously known for burning cash on private jet flights.

An EV startup known for burning cash on private jet flights was a hot topic for analysts.