Oregon
Arcimoto warns of ‘substantial doubt’ it can stay in business
Electrical automobile producer Arcimoto says it’s practically out of cash and faces “substantial doubt” it will probably proceed working.
The Eugene firm had simply $463,000 in money on the finish of December, in response to annual monetary outcomes Arcimoto reported Friday evening. It had $4.2 million three months earlier, and $17 million on the finish of 2021.