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Electric vehicle manufacturer Canoo announced it was filing for bankruptcy Friday. The Oklahoma government was not just a ...

Canoo, an electric car manufacturer, has filed for bankruptcy and plans to liquidate due to failure to secure financing and ...

A business that was once the focus of Oklahoma's economic development efforts has gone under. Electric car manufacturer Canoo filed for bankruptcy late Friday. The company said in court documents ...

Seven-year-old electric vehicle startup Canoo has filed for Chapter 7 bankruptcy and announced an immediate halt to operations weeks after it furloughed its remaining workers and idled its Oklahoma ...

Canoo was promised more than $100 million in state incentives for meeting hiring and performance incentives. The deal was a victory for Stitt on heels of Oklahoma losing a bidding war for Tesla to ...

The company generated $0 revenue in 2022 and only about $900,000 in 2023, roughly a third of which come from Oklahoma, which bought three locally made electric vans. In the meantime, Canoo piled ...

OKLAHOMA CITY (KFOR ... At the time of the agreement, Canoo had still not put any cars on the market for the public. The state received three vehicles in January 2024, costing just under ...

Even more fatally, Canoo generated just $1.5 million in revenues in the first three quarters of 2024. Despite tax incentives of up to $100 million promised by the state of Oklahoma, where Canoo ...

Canoo had signaled its dire situation last month when it idled its Oklahoma operations and put its employees on a “mandatory unpaid break.” Before that, it had lost a steady stream of ...

The EV startup signed partnerships and pilot programs with USPS, US Army, NASA, and the state of Oklahoma but could only deliver a handful of the vehicles it promised. Canoo burned over $1 billion ...