Anthony Aquila, the CEO who was once seen as a visionary, now looks more like a desperate suitor trying to recapture his own leftovers. With $4 million to the rescue, he’s trying to buy back his own failed dream, Canoo. It’s like he’s playing Monopoly, but with real money and a lemon of a company. And who could forget the $11 million debt he’s trying to shake off, all from his own handiwork? I mean, come on, what kind of ‘spin-up’ entity is this? It’s like a new outfit for the same old flop. Plus, with Tesla’s success being the rare unicorn, and a whole herd of failed automakers lining up like lemmings, Canoo’s bankruptcy is less a surprise and more a predictable part of the automotive industry’s ‘racing to the bottom’ show.
Read from: https://www.topspeed.com/canoo-ceo-could-purchase-bankruptcy-assets/