Mercedes Benz spends millions on attorneys and accountants to avoid paying billions in taxes.
Not sure if angel investors are part of the equation with a globally established brand.
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Not sure if angel investors are part of the equation with a globally established brand.
I talked to a few people in their tech organization for work. Was super excited about their concepts, and got to see one in person at a trade show. Seemed very well thought out, though I always thought the shape would be too radical for mainstream adoption.
Was very sad to see them go down.
Okay now this is ridiculous. How many people just cut the fabric out?
I posted somewhere in one of the threads on this forum the dozens and dozens of obvious entries into any vehicle. People who think there’s a way to make a vehicle secure against theft don’t understand that every vehicle is easy to steal. The easiest way is just to pick it up with a tow truck. The vehicle can be gone in less than 60 seconds, well before any of us are able to determine that it’s our vehicle’s alarm that’s waking up the neighborhood. Then the vehicle can be hacked at leisure.
An aftermarket immobilizer won’t stop theft. They’re just an expensive version of an easily-pickable “The Club.”
Ford is moving to an encrypted CANBUS with signatures for every module. But that’s not going to protect the vehicles from theft. It will just make it more difficult for consumers to maintain their right to repair. It might enable tracking of stolen vehicles’ after they’ve gone through a chop shop, though, if the thieves don’t come up with a way to reprogram the signature.
I loved them and would buy one in a heartbeat if it had decent offroad chops.
I believe the board agreed recently to sell all of the company’s assets to the former CEO (for a criminally cheap sum). It’s not clear if he is going to gut it and sell it all, or try to rebuild it.
Very very shady though.
Edit: found an article. The bankruptcy trustee is the one who approved the sale.
Basically helped the CEO steal the company for pennies on the dollar.
Canoo's CEO is buying the bankrupt EV startup's assets | TechCrunch
The CEO of Canoo is buying nearly all of the defunct EV startup's assets out of bankruptcy, according to a court filing. A new entity controlled by the
techcrunch.com
“The CEO of Canoo is buying nearly all of the defunct EV startup’s assets out of bankruptcy, according to a court filing.
A new entity controlled by the CEO, Anthony Aquila, has offered to purchase “substantially all” of the assets for $4 million in cash. The sale will also wipe clean a more-than-$11 million debt Canoo owed to a financial firm run by Aquila, which loaned money to the startup during its final months.
The sale proposal comes just six weeks after Canoo filed for a Chapter 7 bankruptcy liquidation in Delaware and wound down its business. The startup, which went public in 2020 as part of a merger with a special purpose acquisition company, never sold more than a handful of its electric vans to government entities like NASA, the United States Postal Service, and the Department of Defense, before it failed.
Canoo has told the court that as of February 24 it had around $145 million in assets and $175 million in liabilities, and around $12 million in cash and equivalents. Other interested parties can submit “higher and better offers” for the company’s assets before a deadline of March 28, according to a filing.
But the bankruptcy trustee wrote in the filing that the “best course of action” would be to proceed with the sale to Aquila. The trustee cited a number of reasons for this, such as a “lack of financing currently available” to support EV manufacturing.
He wrote that the failure of other EV startups (like Fisker and Nikola, though he did not name them specifically) has produced a “glut of EV related assets” that are available “at fire-sale prices.” He also wrote that Canoo’s estate doesn’t have the money to cover “rents, security costs, and insurance necessary to maintain the integrity of the assets.”
As long as it goes through, Aquila’s new entity — called WHS Energy Solutions, Inc. and created in Delaware — will receive Canoo’s manufacturing equipment, completed vehicles, intellectual property, contracts, and other inventory and assets. WHS Energy Solutions is not taking over any of Canoo’s leases, and will not be responsible for any of the claims other creditors have against Canoo’s estate.“
It’s wild how much more secure and difficult it is to profit off of stealing iPhones are/is compared to expensive modern vehicles.
Wait….. they straight up paywalled a window?
Thinking more about that smaller solar powered vehicle more so then the Benz van but get your point
Sounds like a poor decision. And now those getting the sunroof are paying double what they should since the vehicles all have it priced in at the base level. Another tech company making cars and just thinking about mass production with minimal changes. I don’t have enough nice words to add anything else
No running with scissors though-safety firstA $2.00 pair of scissors can hack that paywall. Haha
I’m envisioning an accident scene and someone tackling a paramedic that’s sprinting towards the wreck, rifling through their med kit, pulling some Trauma Shears out, and saying “You’re welcome, I just saved your life!”No running with scissors though-safety first
I am willing to bet we will see either people buying the interior trim pieces and headliner from the models with sunroofs after the fact, or a boutique business start selling conversion kits.
I’m sorry for $37,000 you don’t even get power mirrors?
Wait, power FOLDING mirrors, or power MIRRORS?
Because those are different.
If it is manual mirrors, that I might believe. But non-power FOLDING mirrors are still super common. My Ioniq 9 doesn't get power folding mirrors for the first 2 trim levels. And those have an MSRP of almost $60k. But those cheaper models still have power adjusting mirrors.
But seriously, yes. Manual adjusting mirrors.
The $40K Tesla Model 3 Is the Only New Car Sold in America With Manual Side Mirrors
The axing of several features delivers a considerably lower price, though the move is mighty ironic for a company that's always been about the future and cutting-edge tech.
www.thedrive.com
They are electronically adjustable, just not power folding.
11.39 in shows the power option on the video
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