Canoo furloughs workers and idles factory as it scrapes for cash

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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. The company claims it is in “advanced discussions with various capital sources” to raise emergency funding. The announcement comes just a few days after board member James Chen resigned, © 2024 TechCrunch. All rights reserved. For personal use only.

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