News Summary

Electric vehicle startup Canoo has announced a mandatory unpaid break for its remaining employees following the furlough of 82 staff members earlier this week. The company is halting operations at its Oklahoma factories as it seeks to secure necessary capital to continue its operations. Canoo has faced significant financial challenges, including lawsuits and executive departures. The break is expected to last through the end of the year, with the company expressing hope to resume operations soon after securing funding.