Igor Torgov News Today

Arrival said it would lay off 50 percent of its workforce in a bid to reduce costs and stave off bankruptcy. The struggling EV company also named a new CEO.

Arrival set out eight years ago to make electric vehicle production "radically more efficient." Arrival trumpeted how its automated microfactories would simultaneously churn out electric vans for UPS, cars for Uber drivers and buses for the U.K., Italy and California. The company reported Friday in a regulatory filing that it missed another deadline to file its 2022 annual report, putting it out of compliance with the Nasdaq Exchange.

Arrival set out eight years ago to make electric vehicle production "radically more efficient." So far, its plan to forgo the gigafactory for local

Business Combination Agreement with Kensington Capital Acquisition Corp. V to Provide Additional Manufacturing Expertise and Up to $283 Million From Cash in Trust First Quarter Ending Cash Position of

Business Combination Agreement with Kensington Capital Acquisition Corp. V to Provide Additional Manufacturing Expertise and Up to $283 Million From Cash in... | May 15, 2023

British electric vehicle (EV) startup Arrival has received a $300 million equity financing line from Westwood Capital to slow its cash-burn rate and fund the business into late 2023 as it prepares for U.S. production of its van. Arrival aims to cut costs and achieve its quarterly cash-burn rate target of $35 million by the second half of 2023. The funds raised will not be used for investments in production at its Charlotte, North Carolina facility, and the company is kicking off fundraising effo...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Electric vehicle (EV) public transit manufacturer Arrival (NASDAQ:ARVL) stock, ...

The major market averages in the United States fell in intraday trading on Monday as fears of a recession grew and investors looked ahead to key inflation data this...

Arrival (Nasdaq: ARVL) has entered into a business combination agreement with Kensington Capital Acquisition Corp. V (NYSE: KCGI.U).Upon closing, the combined company's ordinary shares are expected to

Arrival has entered into a business combination agreement with Kensington Capital Acquisition Corp. V .Upon closing, the combined companys ordinary shares are expected to be listed on Nasdaq... | June 20, 2023