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Canoo - 3 Rebecca Cook - 2 Tony Aquila - 2 Tony - 1 — - 1 EVs - 1 Aquila - 1 Samrhitha - 1
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Livonia , Michigan U.S Bengaluru Oklahoma
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REUTERS - 2 Walmart - 2 NASA - 2 Thomson - 2 Service - 1 Business - 1 Ford - 1 General Motors - 1

Search resuls for: "Tony Aquila"


7 mentions found


☆ Struggling electric vehicle company Canoo spent twice as much on its CEO's private jet as it pulled in last year
  + stars: | 2024-04-04 | by ( Shubhangi Goel | ) www.businessinsider.com   time to read: +1 min
Canoo spent $1.7 million on CEO Tony Aquila's private jet bills, twice its 2023 revenue. Investors often scrutinize private jet spending, especially when a company is in trouble. AdvertisementElectric vehicle company Canoo spent twice as much on its CEO's private jet trips as it brought in last year. Canoo, which has never turned a profit as a public company, paid $1.7 million in "aircraft reimbursements" for its CEO last year. This story is available exclusively to Business Insider subscribers.
Persons: Canoo, Tony, — Organizations: Service, Business
☆ EV maker Canoo slashes spending for second half of 2023, forecasts smaller loss
  + stars: | 2023-11-15 | by ( ) www.reuters.com   time to read: +2 min
A view shows the Canoo logo on a Canoo LV (Lifestyle Vehicle) electric vehicle outside a manufacturing site in Livonia, Michigan, U.S. November 29, 2022. The EV maker expects capital expenditure of $30 million to $40 million in the second half of 2023, compared with its prior forecast range of $70 million to $100 million. Canoo projects core loss to be between $85 million and $105 million for the second half, versus its previous range of $120 million to $140 million. Adjusted loss per share was 6 cents, compared with LSEG estimates of a 12-cent loss. Its cash and cash equivalents were $8.3 million as of Sept. 30, compared with $5 million in the preceding three months.
Persons: Rebecca Cook, Canoo, Tony Aquila, EVs, Aquila, Samrhitha, Shilpi Majumdar Organizations: REUTERS, Ford, General Motors, U.S . Defense Department, Walmart, NASA, Thomson Locations: Livonia , Michigan, U.S, Oklahoma, Bengaluru
☆ EV maker Canoo posts smaller-than-expected loss on lower costs
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +2 min
A view shows a Canoo LDV (Lifestyle Delivery Van) electric vehicle in a manufacturing site in Livonia, Michigan, U.S. November 29, 2022. REUTERS/Rebecca Cook/File PhotoAug 14 (Reuters) - Electric-vehicle maker Canoo (GOEV.O) posted a smaller-than-expected quarterly loss on Monday on lower research and development costs, sending its shares up 2% in extended trading. The company also unveiled its new lifestyle delivery vehicle 190, that has increased payload load capacity and body length compared with the original lifestyle delivery vehicle 130. Canoo's loss narrowed to $70.9 million in the second quarter from $164.4 million a year earlier. Research and development costs fell about 67% in the quarter, lowering operating expenses to $73.6 million from $173.5 million a year earlier.
Persons: Rebecca Cook, Canoo, Tony Aquila, Zaheer Kachwala, Shounak Dasgupta Organizations: REUTERS, Research, EV, U.S Defense Department, Walmart, National Aeronautics and Space Administration, NASA, Department of Defense, Thomson Locations: Livonia , Michigan, U.S, Bengaluru
☆ Stocks making the biggest moves midday: Apple, Manchester United, Activision Blizzard and more
  + stars: | 2022-11-25 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022. Apple — Apple's stock shed 2% on Friday after protests occurred at the iPhone maker's major Foxconn supplier in China earlier this week. Activision Blizzard – Shares of the video game company slid more than 4% after Politico reported the Federal Trade Commission is likely to sue to block Microsoft's $69 billion acquisition of Activision Blizzard. Manchester United — Manchester United's stock surged 12.8%, building on this week's earlier gains following news that the soccer team's owners are weighing a potential sale. Canoo – The electric vehicle company's stock price traded 4.6% higher after a Securities and Exchange Commission filing revealed that CEO Tony Aquila purchased shares.
☆ 4 auto experts share their takeaways from 3rd-quarter woes at Rivian, Lucid, and Canoo — and what they expect for the end of 2022
  + stars: | 2022-11-10 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com   time to read: +7 min
The electric-vehicle startups Rivian, Lucid, and Canoo released third-quarter results this week. Rivian and Lucid each made progress toward their production goals for the year and steadily increased customer deliveries. Canoo has yet to make any production vehicles. After it closed the gap in the second quarter, Rivian's pace of deliveries again fell behind production by 779 vehicles. Lucid underwent some changes in the third quarter following a rough second quarter.
☆ Canoo to build battery manufacturing facility in Oklahoma
  + stars: | 2022-11-02 | by ( ) www.reuters.com   time to read: +1 min
Nov 2 (Reuters) - Electric vehicle startup Canoo Inc (GOEV.O) said on Wednesday it would build a battery manufacturing facility at Pryor in Oklahoma with a capacity of 320 Megawatt hours production. The company's Pryor facility will make proprietary battery modules, energy management system and thermal control technology, CEO and Chairman Tony Aquila said. Canoo added it will be the first electric vehicle company to produce battery modules using hydro-power from the Grand River Dam Authority. The company's new battery manufacturing facility will be in the same industrial park as its future "MegaMicro" factory, Canoo said. Canoo last year announced Panasonic Holdings Corp (6752.T), which also supplies battery cells to Tesla Inc (TSLA.O), will be its provider for manufacturing battery packs.
☆ Insiders say morale 'sucks' at electric-vehicle startups like Rivian and Lucid — and it could be a death blow for struggling Tesla wannabes
  + stars: | 2022-10-01 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +8 min
As EV startups face a storm of troubles, many employees say they're losing faith in the mission. "They kept saying, 'Tesla, Tesla, the next Tesla,'" a now former supervisor at the electric-vehicle startup said. Canoo has lost several key leaders, as have Xos, Lucid, and others. Some current and former startup workers said they had a continued appetite for industry opportunities. Are you a current or former EV startup employee?
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