Electric Vehicle Maker Canoo Discloses ‘Substantial Doubt' About Its Future

Electric vehicle manufacturer Canoo disclosed in a Monday (April 1) annual report that its management has identified “substantial doubt” about the company’s ability to continue as a going concern.The company requires additional capital but has found that its ability to raise it could be impaired, according to the annual report.“Our management has performed an analysis of our ability to continue as a going concern and has identified substantial doubt about our ability to continue as a going concern,” the com ...