|
Canoo
Canoo Inc. was an American automotive company based in Torrance, California, that developed and manufactured electric vehicles. Canoo's research and development team was based in Michigan, in the Metro Detroit, Detroit region (Auburn Hills, Michigan, Auburn Hills, Livonia, Michigan, Livonia), and production operations in Justin, Texas. The company had plans to produce commercial vehicle, commercial electric vehicles such as vans for fleet, vehicle rental and ride sharing services. On January 17, 2025, Canoo filed for Chapter 7 bankruptcy. History Origins as Evelozcity Canoo was founded in 2017 under the name Evelozcity by Stefan Krause and Ulrich Kranz. Krause worked for Deutsche Bank as its chief financial officer while Kranz worked for BMW as a senior executive. Both men had met at rival EV company Faraday Future before leaving together to form their own company in 2017, due to disagreement with Faraday Future's leadership. Krause took on the role of chief executive officer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canoo Lifestyle Vehicle
The Canoo Lifestyle Vehicle (LV) is a battery electric vehicle with multiple body styles sharing a common platform, including minivan, cargo van, and pickup truck, that was manufactured by Canoo. The cargo van variant, named the Lifestyle Delivery Vehicle (LDV), was in production; an all-wheel-drive pickup truck, named the Light Tactical Vehicle (LTV), was delivered for evaluation by the United States Army; and three other models of passenger vans were announced. They had range estimates of and an estimated time of 6.3 seconds. The base price of the vehicle was US$34,750. Production of the Lifestyle Delivery Vehicle began in 2023. The first vehicles made in Oklahoma were delivered to the state of Oklahoma in November 2023. Design Chassis The LV and LDV were built on a chassis integrating the battery, traction motor, and suspension in a single Skateboard (automotive platform), skateboard chassis, which Canoo called the "multi-purpose platform" (MPP), designed to accommo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tony Aquila
Tony Aquila, is an entrepreneur in the United States. He was the Chairman and CEO of Canoo Technologies before its bankruptcy in January 2025. Aquila has Italian and Lebanese roots. In 2005, Aquila launched Solera Holdings, an automotive technology company. He took Solera public through a $1 billion IPO in 2007 and private again in 2016, at a valuation of $6.5 billion. During his tenure as CEO, Solera significantly expanded market share and completed a number of acquisitions. Early life Aquila was born in Richmond, California to an immigrant and military family. After dropping out of high school, Aquila worked at his uncle's body shop sweeping floors and replacing windshields. Business career Canoo Technologies, Inc. Tony Aquila was an initial investor in Canoo, before becoming a member of the Board. He was named Board Chair in October, 2020, and CEO in March 2021. Utilizing their Multi-Purpose Platform, they planned to build multiple variants of vehicles, MPDV (Mult ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Li Pak-tam
Li Pak-tam, also known as Li Botan, is a Chinese businessman and socialite. He was one of the three primary backers of the American electric car startup Canoo which was spun off from Faraday Future. Family and personal life He is married to Jia Qiang. This makes him the son-in-law of Jia Qinglin a top Chinese Communist Party official who was the fourth most powerful man in China before his retirement in 2013. Li has two daughters, a daughter named Zidan (Jasmine) Li, and another graduated from Harvard College in 2023. Both Li Pak-tam and Jasmine Li hold Hong Kong residence cards. Career Li Pak-tam is the founder and former chairman of the board of Beijing Zhaode Investment Co and has also started a number of companies in Hong Kong. In 2016 Li was implicated in the Panama Papers leak. The documents revealed that he was the owner of a firm named Fung Shing Development Ltd., which had been set up in the British Virgin Islands, a tax haven. His daughter Jasmine was also named i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Faraday Future
Faraday Future Inc. is an American startup technology company founded in 2014 focused on the development of electric vehicles. Based in Los Angeles, California, it began producing vehicles in 2023 and markets them in the United States and China. The company delivered a total of 16 vehicles by January 2025. After two funding rounds in late 2024 totaling $60 million, the company announced it will pivot to selling rebadged Chinese vans. History Faraday Future was founded by Chinese businessman Jia Yueting in May 2014 and is headquartered in Los Angeles, California, in the Harbor Gateway neighborhood adjacent to Carson, California. From its inception in 2014, the company grew to 1,000 employees by January 2016. The company is named for a founding principle of electric motor technology known as Faraday's law of induction, which in turn is named after English scientist Michael Faraday who discovered electromagnetic induction. In October 2024, Faraday Future and Master Inves ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 7 Bankruptcy
Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the United States. This is in contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of ''reorganization'' of a debtor. Chapter 7 bankruptcy is the most common form of bankruptcy in the US. For businesses When a financially troubled business is unable to pay creditors, the business may file (or be compelled by creditors to file) for bankruptcy in a federal court under Chapter 7, which means that the business ceases operations unless those operations are continued by the Chapter 7 trustee. In a Chapter 7 bankruptcy, the trustee is appointed almost immediately, with broad powers to examine the finances of the business in bankruptcy; generally, the trustee sells the assets and distributes the money to the creditors. The investors who took the least amount of risk prior to the bankruptcy are generally paid first. For example, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Special-purpose Acquisition Company
A special-purpose acquisition company (SPAC; ), also known as a blank check company or a blind-pool stock offering, is a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus taking the private company public through a procedure which requires less regulatory filings and has less safeguards for investors than the initial public offering (IPO) process. According to the U.S. Securities and Exchange Commission (SEC), SPACs are created specifically to pool funds to finance a future merger or acquisition opportunity within a set timeframe; these opportunities usually have yet to be identified while raising funds. In the U.S., SPACs are registered with the SEC and considered publicly traded companies. The general public may buy their shares on stock exchanges before any merger or acquisition takes place. For this reason they have at times been referred to as the "poor man's private equity funds." The majority of companies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jay Leno's Garage
''Jay Leno's Garage'' is an American web and former television series about motor vehicles, primarily cars and motorbikes starring Jay Leno, the former host of ''The Tonight Show''. Originally a web series for NBC.com, a special aired on CNBC in August 2014 and the show became a weekly prime-time series on the channel, airing from 2015 until 2022 before moving to YouTube. Leno does car and motorcycle reviews on classic cars, super cars like the McLaren P1, restored cars, vintage and sports cars. Jay Leno's Big Dog Garage is located in Burbank, California, near Hollywood Burbank Airport. In 2016, the show won a Primetime Emmy Award for "Outstanding Special Class – Short-Format Nonfiction Program". The series was canceled from network broadcast in January 2023 after seven seasons; however, Leno continues to produce the series for his YouTube channel which has over 3.69 million subscribers as of August 2024. Episodes Season 1 (2015) Season 2 (2016) Season 3 (2017–1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kia Motors
Kia Corporation (, formerly known as Kyungsung Precision Industry (京城精密工業) and Kia Motors Corporation) is a South Korean multinational corporation, multinational Automotive industry, automobile manufacturer headquartered in Seoul, South Korea. It is South Korea's second largest automobile manufacturer, after its parent company, Hyundai Motor Company, with sales of over 2.8 million vehicles in 2019. Kia is owned by Hyundai Motor Company, Hyundai, which holds a 33.88% stake valued at just over US$6 billion. Kia in turn is a minority owner of more than twenty Hyundai Motor Group, Hyundai subsidiaries ranging from 4.9% up to 45.37%, totaling more than US$8.3 billion. Etymology According to the company, "Kia" derives from the Hanja (, 'to arise') and (, which stands for wikt:亞細亞, 亞細亞, meaning 'Asia'); it is roughly translated as "Rising from (East Asia, East) Asia". History Origins and the early expansion Kia was founded on June 9, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyundai Motor Company
Hyundai Motor Company, often referred to as Hyundai Motors, ( ) and commonly known as Hyundai (), is a South Korean multinational corporation, multinational Automotive industry, automotive manufacturer headquartered in Seoul, South Korea, which was founded in 1967. Currently, the company owns 33.88 percent of Kia, Kia Corporation, and owns a luxury cars subsidiary, Genesis Motor, Genesis. The three brands altogether make up the Hyundai Motor Group. Hyundai operates the second largest automobile manufacturing facility in the world in Ulsan, South Korea which has an annual production capacity of 1.6 million units. The company employs approximately 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through 5,000 car dealership, dealerships and showrooms. As of November 2024, Hyundai is the world's List of automotive manufacturers by production, third-largest carmaker in terms of production, behind competitors Toyota and Volkswagen Group, Volkswagen. History E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyundai Motor Group
The Hyundai Motor Group (HMG; ; stylized as HYUNDAI) is a South Korean '' chaebol'' (loosely similar to a multinational conglomerate but without a central holding company or ownership structure) headquartered in Seoul, South Korea. The HMG also refers to the group of affiliated companies interconnected by complex shareholding arrangements, with Hyundai Motor Company regarded as the '' de facto'' representative of the group. It is the third-largest South Korean ''chaebol'', after Samsung and SK Group, related to other Hyundai-name industries following a specialized development split and restructuring which resulted in Hyundai Motor Group, Hyundai Heavy Industries Group, Hyundai Development Company Group, Hyundai Department Store Group, and Hyundai Marine & Fire Insurance. History The group was formed through the purchase of 51% of Kia by Hyundai Motor Company in 1998. As of 2011, Hyundai owns 33.7% of Kia Motors. On May 22, 2022, the Hyundai Motor Group announced the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
