arrival

Arrival may be close to bankruptcy. Indeed, this would not be a surprise, as the newcomer has been struggling for quite a long time. The last news we have been reportedly dated back to February 2023 and concerned the UK company announcing 50% reduction of workforce in an effort to cut operating cost...

Arrival appoints Igor Torgov as new CEO and announces immediate actions to further reduce its operating costs and to optimize the deployment of its current cash resources. This includes the decision to reduce its global workforce by approximately 50% to 800 employees (up compared to the previously d...

Arrival “reported a wider quarterly loss and said it would delay spending on its bus project as it looks to secure more capital”, Reuters reports. The news comes shortly after it was announced that the UK company is planning a business reorganization with up to 30 per cent of the workforce to be eve...

Arrival is planning a business reorganization. Up to 30 per cent of the workforce is going to be eventually reduced, Reuters says. The agency reports: “The restructuring, which the company said is in response to a challenging economic environment, aims at a 30% cut in spending to help meet its...

Achieved the EU certification and received European Whole Vehicle Type Approval (EUWVTA), the Arrival electric bus is set to start public road trials with First Bus in Q3 2022 (the company was expected commence trials in Q1 2022). Arrival reports that demand for products grew with non-binding LOIs a...

The Arrival Bus has achieved EU certification and received European Whole Vehicle Type Approval (EUWVTA), manufacturer announces. Arrival started trial of the bus in a testing facility in the UK in late 2021. The UK-based startup has debuted on Nasdaq in 2021. Also, Arrival has signed a partnership ...