Canoo filed for Chapter 7 bankruptcy after burning through cash and failing to secure funding. Despite high-profile backing, it failed to secure financial support from U.S. or foreign investors ...

Upstart electric automaker Canoo promised to build an adorable electric van. The California-based startup got some big-hitter backing in its early years, including a deal to develop platforms with ...

In a not-so-unexpected move, Canoo announced on Friday that it had filed for Chapter 7 bankruptcy and is ceasing operation immediately. The EV startup is the latest to call it quits in the face of ...

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 ...

Electric vehicle (EV) startup Canoo has filed for Chapter 7 bankruptcy, indicating the company will cease operations immediately and liquidate its assets. The filing was made with the US ...

Now, the US will appoint “a Bankruptcy Trustee to oversee the liquidation of the Company’s assets and the distribution of proceeds to creditors,” Canoo writes. The company says it chose to ...