Categories: Stock Market News

EV startup Canoo information for chapter, to stop operations


(Reuters) – Canoo stated on Friday it could file for Chapter 7 chapter and stop operations, efficient instantly.

The EV startup has been coping with fast money burn and has struggled to lift extra funding amid unsure demand for its microbus-inspired cargo vans.

admin

Share
Published by
admin

Recent Posts

Small enterprise optimism plunged in March earlier than ‘Liberation Day’ tariff announcement

Small enterprise homeowners have been feeling unsure in March even earlier than Trump's "Liberation Day"…

49 minutes ago

US small enterprise confidence drops, financial outlook dims

(Reuters) - U.S. small-business confidence dropped for a 3rd straight month in March, eroding a…

3 hours ago

Evaluation-How the oil value plunge complicates Saudi Arabia’s financial agenda

By Yousef Saba DUBAI (Reuters) - Saudi Arabia, with its wealth linked inextricably to grease…

3 hours ago

Goldman Warns Oil Beneath $40 Is Doable in ‘Excessive’ Situation

(Bloomberg) -- Goldman Sachs Group Inc. — recent from reducing oil forecasts twice in every…

4 hours ago

Asian markets rally as China vows to ‘combat to the tip’ over Trump’s new tariff risk

China has threatened to "resolutely take countermeasures" in response to Donald Trump's risk of a…

9 hours ago

The commerce warfare is clobbering vitality markets, with oil hitting its lowest value in 4 years

Tetra Photos - Dan Bannister/Getty Photos Crude costs simply dropped to their lowest stage in…

9 hours ago