It sounded like an audacious goal when Canoo CEO Tony Aquila announced near the end of last year that the EV company would start production and complete 15 cars by the end of December—including some earmarked for its major corporate partner Walmart. As it turns out, it wasn’t only audacious; it was unreachable.
At the end of November, there were still missing parts for the first vehicle on the production line, Canoo was late in payments to at least a dozen suppliers, and the company was being sued by one of its ex-suppliers.
