April 2, 2024 archive

Cash-strapped Canoo lowers revenue expectations for 2024

    The nationwide slowdown in demand for battery-powered cars prompted Oklahoma City’s EV manufacturer Canoo to forecast revenue in 2024 to be well below the expectations of analysts. At the same time, only 22 Canoo vehicles were manufactured in 2023, 17 of them in the fourth quarter. The forecast was released Monday while shares …

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