Apple Looks at Struggling Canoo EV Corp…

Apple may look to acquire the struggling startup in order to supply its own vehicle team with the talent, reports Bloomberg. Citing a person close to the matter, the news outlet claims that the California tech company is not particularly interested in Canoo’s underlying technology, but rather its engineers.

Indeed, Canoo’s team may be particularly attractive, because people working on the Apple car project have told Bloomberg that some of their own designs are similar to the Lifestyle Vehicle, which Canoo aimed to launch at the end of 2022.

Unfortunately, the company’s issues have meant that some of its talent has already started leaving, meaning that time is of the essence for both parties.