Business

Canoo discusses job and manufacturing growth in Oklahoma

Canoo said it created over 100 new jobs in the state of Oklahoma and the state is now home to 20% of Canoo’s total workforce.

Published: January 21, 2024

Canoo announced it’s growing its team across Oklahoma to scale manufacturing and meet customer deliveries of 18,000 committed orders representing $750 million in revenue over multiple years. Canoo said it created over 100 new jobs in the state of Oklahoma and the state is now home to 20% of Canoo’s total workforce. This announcement follows Canoo’s recent acquisition of manufacturing assets to increase its vehicle assembly capacity.

Oklahomans make up over 90% of the Canoo team in Oklahoma, and military veterans and Native Americans each makeup about 10% of Canoo’s workforce in the state. Canoo said its Oklahoma City manufacturing workforce is earning annual wages about 37% above the local average for similar roles in the Oklahoma City metropolitan area.

Lola joins forces with ABT for Formula E entry

The entry will use a powertrain co-developed by the British marque and technical partner, Yamaha Motor.

By Christian Hinton

Published: April 17, 2024

Lola Cars (Lola) introduced a new partnership with ABT, seeing the two brands unite to compete in the ABB FIA Formula E World Championship. The entry will use a powertrain co-developed by the British marque and technical partner, Yamaha Motor. The agreement to join the Formula E grid with ABT is set to be just one element of a joint venture between the two companies to explore areas of sustainable motorsport, Lola said.