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Rebecca Cook - 1 Canoo - 1 Tony Aquila - 1 Zaheer Kachwala - 1 Shounak Dasgupta - 1
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Livonia , Michigan U.S Bengaluru
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REUTERS - 1 Research - 1 EV - 1 U.S Defense Department - 1 Walmart - 1 National Aeronautics and Space Administration - 1 NASA - 1 Department of Defense - 1

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☆ 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
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