All arrival articles
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MT ArticleTimes up for Arrival’s UK business as administrators called in
Troubled times for Arrival as first it shares were suspended from the NASDAQ and now it has called in the administrators at its two UK businesses.
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MT ArticleStruggling electric van builder Arrival secures $300 million funding lifeline from Westwood Capital
Arrival, the British electric vehicle (EV) developer, has received a $300 million injection from Westwood Capital, a move that could potentially give the company a lifeline to pull through the year.
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MT ArticleArrival announces restructuring plan to halve workforce
Following last year’s news it was exiting the UK to focus on US market growth, Arrival has now announced a major cost cutting exercise which will see its worldwide staff cut by half to 800 employees and the cash cost of running the business reduced to $30 million per quarter. ...
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MT ArticleArrival Founder and CEO, Denis Sverdlov, steps down
Following a strategy U-turn, Arrival Founder and CEO Denis Sverdlov steps down. Swapping roles with chairman of the board Peter Cuneo.
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MT ArticleArrival shifts focus to US market, scaling back UK activity
UK-based electric van manufacturer Arrival has announced it is shifting focus to the US market as it opens a new micro-factory in North Carolina next year and scales back its UK operations in Bicester. The company started production of the battery-powered van in Q3 2022, with parcel-giant UPS taking the ...
