DodoFinance Breaking News Made For You!
The new American car brand Canoo, which wants to have cars built at VDL Nedcar in Born, is reconsidering these plans. Americans see too much uncertainty about production in Europe.
Company management wants to meet with VDL later this month to review the agreements. VDL Nedcar does not want to react to this maneuver by the Americans.
Prefer your own factory
This news was announced in a telephone update with investors during the presentation of Canoo’s latest quarterly results. CEO Tony Aquila has made it clear that he prefers to have his cars built at his own factory in the United States rather than ordering them from a factory in Europe. He listed downsides such as the effects of the pandemic, transportation, and taxes.
To hack
The hacking of which VDL Nedcar was victim is also a matter of concern to Americans. Disclosure of classified company information and intellectual property could affect the company’s operations, outlook and financial results, he said.
VDL Nedcar introduced Canoo last summer as the first new customer since it is clear that BMW will stop production at Born at the end of 2023. Canoo wanted to start building 1000 units of their Lifetsyle Vehicle in Born at the end of next year. , a multifunctional van for individuals. The vehicle can travel 400 kilometers on a single battery charge. In 2024, production should be increased to 15,000 units.
Read also : This is the car that VDL Nedcar will build in Born
Government grants
It now seems threatened. US CEO Aquila said VDL Nedcar was a good option earlier in the start-up phase. But now that there seems to be sufficient demand for the new car in the United States, it is more worthwhile to invest in a new plant in America yourself. The company is now also greatly assisted by government grants.
Unable to answer
VDL Nedcar spokesperson Miel Timmers says he is unable to respond to the US trading partner’s statements. “We have confidentiality agreements with Canoo. I can’t go into that.” Timmers cannot tell if Americans are breaking this secrecy.
$ 30 million
Canoo has already transferred some $ 30 million to VDL Nedcar. At the Born plant, work is already underway on the production line of the new American car. According to CEO Aquila, he has a good relationship with the Van der Leegte family (owners of VDL ed.) And therefore he is not afraid of losing this money. The publicly traded Canoo company has never sold a car and suffered a loss of nearly $ 81 million in the third quarter.
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