The CEO of Canoo is buying nearly all of the defunct EV startup's assets out of bankruptcy, according to a court filing. A ...

has produced a "glut of EV related assets" that are available "at fire-sale prices." He also wrote that Canoo's estate doesn't have the money to cover "rents, security costs, and insurance ...

But there’s a new start-up on the scene and Telo, a Silicon Valley company cofounded by autonomous driving expert Jason Marks ...

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Lucid is burning through cash at an alarming rate as it tries desperately to avoid the same fate that hit defunct automakers ...

Nikola Corp. filed for bankruptcy, culminating a long decline for the onetime darling of the electric-vehicle industry, which grappled with weak sales and cycled through CEOs in the wake of a fraud ...

Without a clear path to profitability, shareholders were arguably better off had it shut its doors and liquidated its assets, just like fellow EV upstarts Nikola and Canoo recently did.

The EV manufacturer earned a $110 million gross profit at its core automotive business in the fourth quarter, a milestone achievement for CEO RJ Scaringe.

Nikola reportedly had sold hydrogen trucks for $351,000—about half what it cost to produce them, though its sales price was still ... its assets to another EV startup, Canoo Inc., which filed ...

In recent years, the company has endured cash-flow issues, slow demand, executive turnover and a collapsing stock price. Nikola also ... bankruptcy in June, while Canoo Inc. announced a Chapter ...

It follows failures for fellow US brands Fisker, Canoo and Faraday Future that have ... you will pay a stiff price.” A statement published by the US Attorney’s Office said Milton “engaged ...