The EV unicorn has left the building

Texas-Based EV Maker Canoo Files Liquidation Bankruptcy

https://www.carpro.com/blog/texas-based-ev-maker-canoo-files-liquidation-bankruptcy?utm_campaign=Weekly%20Newsletter&utm_medium=email&_hsenc=p2ANqtz-8h7XfJZv-QGfmQDbVYBJsaXQh7kVsFIp15548Lc8_ytxaiLm_HhidJ2vK4zPjQcAyIBKUIjVzMbl_pwChxXXYRP75cQg&_hsmi=348390319&utm_content=348390319&utm_source=hs_email

Written By: CarPro | Jan 29, 2025 10:36:17 AM

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Another electric vehicle maker is finding itself in financial dire straights. Texas-based Canoo, which was originally founded in California,  has filed for liquidation bankruptcy under Chapter 7 of the U.S. Bankruptcy Code.  In its recent announcement, the company said it was ceasing operations immediately. 

The bankruptcy filing comes roughly four years after Canoo went public in December 2020.  In a statement, Canoo says despite successfully delivering to NASA, the Department of Defense (“DOD”), The United States Postal Service (“USPS”), and the State of Oklahoma and having agreements with Walmart and others, it's "unfortunately been unable to secure financial support from the U.S. Department of Energy’s (DOE) Loan Program Office."  It also shared that recent efforts to get foreign sources of capital were unsuccessful. 

Tony Aquila, one of the company’s largest investors and Chairman and CEO said, “We would like to thank the company’s employees for their dedication and hard work. We know that you believed in our company as we did. We are truly disappointed that things turned out as they did. We would also like to thank NASA, the Department of Defense, The United States Postal Service (“USPS”), the State of Oklahoma and Walmart for their belief in our products and our company. This means a lot to everyone in the company.”

You can read more about Canoo's history and the road that led it to bankruptcy in an article written by SFGATE tech reporter Stephen Council.

Canoo is certainly not the only EV maker to file for bankruptcy in recent years.  Others include Fisker, Lordstown, Arrival, and Electric Last Mile Solutions.

...

This week it is Nikola, a Phoenix-based maker of large, electric trucks.  The company filed for Chapter 11 protection after trying to raise capital to continue operating.  The company went public in 2020 and got a 2-billion dollar infusion from General Motors.  In a shocking twist of fate (tongue-in-cheek) the founder of Nikola was sent to prison in 2023 for fraud.  The company is on its 3rd CEO since then, and the current one is concentrating on selling assets to try to survive the bankruptcy.  It’s a tough business selling electrics.

The undeclared war in the Baltic Sea

Sweden investigating new reports of Baltic Sea cable damage

https://www.dw.com/en/sweden-investigating-new-reports-of-baltic-sea-cable-damage/a-71695105

Zac Crellin with Reuters, AFP

8 hours ago8 hours ago

Sweden's coast guard has dispatched a vessel to waters east of Gotland. A number of telecommunications and power cables have been damaged in the Baltic Sea in recent months.

It's about time to put this money sucking joke of a 'high speed' train to rest

Trump administration threatens to withdraw $4 billion from California high-speed rail project

https://www.pressdemocrat.com/article/news/california-high-speed-rail-trump-san-francisco/?ref=homeA1imagestories

In 2008, voters approved $10 billion in bonds for the project, which was envisioned as a two-hour-and-40-minute ride from Los Angeles to San Francisco.

And supported by Leticia James NY AG. All Black Democrat Nazis

Adrienne Adams is in thrall to the antisemitic left — and unfit to be our mayor

https://nypost.com/2025/02/20/opinion/adrienne-adams-in-thrall-to-antisemitism-unfit-to-be-mayor/

Adrienne Adams, the current New York City Council speaker, will soon jump into this year’s mayoral race, rumor has it.

Adams, who is about to be term-limited out of office, joined other elected officials this week at Gov. Kathy Hochul’s office to discuss removing Mayor Eric Adams (no relation) from his post.

The speaker herself condemned the mayor in no faint terms on Monday, calling for him to resign over the “scandal, selfishness and embarrassment” his federal bribery charges and notorious personnel issues have brought the city.

Rumor has it that Adrienne Adams will soon jump into the 2025 NYC mayoral race. Andrew Schwartz / SplashNews.com

She would be joining the mayoral race at a time when antisemitism continues to gain a frightening foothold in Gotham.

On Tuesday, an anti-Israel mob targeted one of the city’s densest and most visible Jewish communities in Borough Park, Brooklyn. Rioters banged drums, shouted pro-Hamas slogans and chanted, “Zionists go to hell” as they waved Palestinian flags, their faces hidden behind keffiyeh scarves.

Some broke through police barricades to charge at nearby Jews and pro-Israel demonstrators, leading to a violent scuffle.

Alarmingly, Speaker Adams as a mayoral contender would compete for the title of candidate most in thrall to the antisemitic far left.

As speaker, she has shown her willingness to use her office to condemn Jews — and her unwillingness to safeguard them.

None of this bodes well for the way a Mayor Adrienne Adams would use her perch at Gracie Mansion to protect New York’s most targeted identity group.

Speaker Adams has consistently rejected opportunities to use her leadership position to show concern and support for New York’s Jewish community following the Oct. 7, 2023, massacre in Israel and the immediately ensuing rise in attacks on American Jews.

In just the first half of last year, hundreds of anti-Jewish hate crime incidents were reported in the Big Apple — more than those against all other identity groups combined, and a 70% increase over the same period the year before.

Yet the Adrienne Adams City Council stayed troublingly mum, on both the the atrocities perpetrated by Hamas terrorists and the antisemitism mounting in New York.

On top of these signals of disparate disregard for Jews, Speaker Adams in June drafted and promoted a City Council resolution demanding a cease-fire in the Gaza war — to the disgust of many Jewish council members and New Yorkers.

Her move to denounce Israel’s defensive war — an entirely unnecessary statement on foreign affairs — was reportedly done in part to appease “progressive” lawmakers.

But Speaker Adams’ disdain for New York Jews went further.

Days after her cease-fire resolution was made public, the council’s information technology team began blocking and redirecting the wave of angry messages constituents sent to lawmakers urging them to vote against the anti-Israel measure.

Rather than take New Yorkers’ opinions under consideration, the speaker simply silenced their voices.

And those are just a few of the reasons to think a Mayor Adreinne Adams would utterly fail to prevent future Borough Park brawls — or pretend to try.

The speaker showed her sympathy for the socialist left’s antisemitic politicking by allowing the preposterous appointment of Councilwoman Shahana Hanif as co-chair of a new City Council Task Force to Combat Hate.

Hanif is a poster child for the normalization of vitriolic anti-Zionism among New York progressive pols.

She has blamed the Jewish state itself for the bloody 2023 Hamas attack — and has even been arrested at a pro-Hamas demonstration sponsored by the Democratic Socialists of America.

Speaker Adams apparently feels no compunction at all about empowering Hanif — who opposed a council resolution creating an “End Jew Hatred Day” — to steward the city’s efforts to combat hate.

Would a Mayor Adrienne Adams feel differently? There’s no reason to think so.

Speaker Adams would join a fairly crowded Democratic primary, which includes Zohran Mamdani, a Queens assemblyman who has garnered support among the anti-Zionist far left, from the DSA to actress-turned-professional Israel-baiter Cynthia Nixon.

Both choices would be disastrous for the future of a safe, pluralistic New York.

The next New York City mayor will be facing a serious challenge when it comes to rising antisemitism in Gotham — most of it spewing from the far left and enabled by the soft-on-crime criminal justice policies that “progressives” entrenched.

Speaker Adams is not the candidate to right that ship.

Hannah E. Meyers is a policing and public safety policy expert and former New York Police Department senior counterterrorism analyst.

By 

Hannah E. Meyers

Published Feb. 20, 2025, 7:24 p.

The insane murdering trans vegan cult

Zizians: What we know about the 'cult' linked to six deaths

https://www.bbc.com/news/articles/cy83958r2d0o14 hours ago

Mike Wendling

BBC News•@mwendling

The fantasy world of the left; they just make things up to frighten you

White House denies plans to take control of Postal Service, which could lead to privatization, end service to rural customers

https://www.cnn.com/2025/02/21/business/trump-postal-service-privatization/index.html

By Chris Isidore, CNN

Hamas murdering savages

Notice while Hamas was turning over the bodies of the murdered children the Palestinians in the background were playing music, dancing and handing out candies. It's what a death cult does.

Hamas Terrorists Brutally Murdered Bibas Toddlers With Their ‘Bare Hands,’ IDF Says

https://www.nationalreview.com/news/netanyahu-vows-to-avenge-bibas-mother-after-hamas-withholds-body/

Hamas terrorists brutally murdered two toddlers, Ariel and Kfir Bibas, with their “bare hands” while the Israeli children were held captive in Gaza, the Israel Defense Forces revealed on Friday.

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Hamas Withheld Bibas Mother’s Body, Violating Cease-Fire Terms, IDF Says

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“Ariel and Kfir Bibas were murdered by terrorists in cold blood,” IDF spokesman Daniel Hagari said in a statement. “The terrorists did not shoot the two young boys—they killed them with their bare hands. Afterwards, they committed horrific acts to cover up these atrocities.”

The revelation comes after Hamas failed to return the body of Shiri Bibastogether with her two sons in violation of the cease-fire agreement’s first phase lasting six weeks.

Hamas returned the remains of three dead hostages to Israel on Thursday: Oded Lifshitz, 83; Ariel, 4; Kfir, 9 months old; and a fourth body that was believed to be Shiri, 32. While three of the bodies were positively identified, Israeli forensics specialists determined the fourth body belonged to a Palestinian woman.

Israeli Prime Minister Benjamin Netanyahu vowed to “avenge” Shiri, whose body remains missing, and the other murdered hostages.

“We will work with determination to bring Shiri home together with all our hostages — both living and dead — and ensure that Hamas pays the full price for this cruel and malicious violation of the agreement,” Netanyahu said. “The sacred memory of Oded Lifshitz and Ariel and Kfir Bibas will be forever enshrined in the heart of the nation. May God avenge their blood. And so we will avenge.”

Hamas said it will conduct an investigation into the missing body. The Palestinian terror group suggested there may have been a mix-up of bodies found in the rubble of an Israeli airstrike, which it claims killed Shiri and her two toddlers in 2023. Israel, however, concluded that the three hostages were killed by their captors.