The electric car startup Canoo files for bankruptcy
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The Texas-based electric vehicle startup Canoo has gone bankrupt after seven years of trying to bring a van and other models to market. The seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will "cease operations immediately ". The company is liquidating its assets in a Chapter 7 proceeding in the Delaware bankruptcy court. Canoo stated in a press release issued on January 17, 2025, that it had held "discussions with foreign capital sources " that remained unsuccessful, and also pointed out that it was unable to secure...
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