Canoo, once a promising electric vehicle manufacturer, is facing a dire situation. The company sent employees on unpaid leave until 2025, locked them out of systems, and is embroiled in lawsuits and financial woes. A former employee alleges that Canoo lied about producing EVs in its Oklahoma factory.
Canoo reportedly sent employees on unpaid leave until 2025, locking them out of systems. A former high-level employee claims Canoo lied about building EVs in its Oklahoma factory. The company is facing lawsuits and furloughs, leaving the future of the EV brand uncertain. Canoo seems to be up a creek without a paddle. On December 18, the company sent its employees home on a mandatory unpaid break, which is set to last through the end of 2024.
As of now, the outlook for the EV startup in 2025 remains uncertain. To put it simply, nothing appears rosy for the once-promising electric vehicle manufacturer. All of this caps off an incredibly challenging year for Canoo. In April, reports revealed that the company spent twice as much on the CEO’s private jet as it earned in all of 2023. By August, it was facing lawsuits for missing payments to a debtor. Then, in November, the company furloughed 23 percent of its staff. TechCrunch reports that the brand locked employees out of their access to Canoo systems beginning on December 20. Benefits are said to last throughout the rest of the month. On top of this, a new report from KFOR says that Canoo lied about building cars in Oklahoma. In November 2023, the brand announced it was delivering its first made in Oklahoma EVs to the state government. The governor even celebrated the occasion, stating, For the first time in 17 years, vehicle manufacturing is back in Oklahoma. However, it turns out that might not be entirely true. In an interview with KFOR, a former employee of Canoo claims that not a single car was made in the factory there. They also shed some light on the financial trouble the brand is facing. “They hired too many, too quick, and paid too much,” the former employee said. “Everybody was a boss, and everybody wanted to be everybody’s boss… everybody had a director title, so nobody’s doing anything. They have tons of equipment.
Canoo Electric Vehicles EV Financial Trouble Lawsuits Unpaid Leave Oklahoma Factory
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