Canoo Aims To Reinvent Electric Vehicles And Subscriptions
PYMNTS
SEPTEMBER 8, 2020
A COVID slump slowed the roll of major automakers and dealers this past spring, with the pandemic causing a 30 percent drop in auto sales to date. Seeking “margin levels and profitability levels that aren't really possible with traditional sales models,” Marcinkowski said that Canoo’s approach extracts more free cash flow per vehicle.
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