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ARVL / Arrival to cut half of staff in new blow to British EV industry

Arrival to cut half of staff in new blow to British EV industry
Oxford-based electric vehicle (EV) start-up Arrival is set to lay off over half of its workforce as it seeks to cut operating costs. Headcount will drop to 800 workers, having had some 1,900 staff members last year, as it aims to cut operating costs to around US$30mln per quarter. Read More
Posted: Jan 30 2023, 11:11
Author Name: Proactive Investors
Views: 111841

ARVL News  

Cash-strapped EV maker Arrival lays off yet more workers

By TechCrunch
October 10, 2023

Cash-strapped EV maker Arrival lays off yet more workers

Arrival just warned investors that it's slashing its workforce yet again. The electric van maker said on Tuesday that it “took actions” on October more_horizontal

3 Sorry EV Stocks to Sell in August Before It's Too Late

By InvestorPlace
August 17, 2023

3 Sorry EV Stocks to Sell in August Before It's Too Late

There is little doubt about the bull story for electric vehicles. With global penetration still at a low level, some of the best EV companies will con more_horizontal

Arrival edges towards bankruptcy as it appoints advisors

By Proactive Investors
August 14, 2023

Arrival edges towards bankruptcy as it appoints advisors

Arrival SA (NASDAQ:ARVL), the British-based electric vehicle manufacturer, has appointed management consultants as advisors while it prepares for pote more_horizontal

3 EV Stocks to Sell Before They Damage Your Portfolio

By InvestorPlace
July 12, 2023

3 EV Stocks to Sell Before They Damage Your Portfolio

Whenever a sector has multi-year tailwinds, there are several new entrants. With the fear of missing out, investors take a plunge in several stocks in more_horizontal

Arrival stock price analysis: plot thickens as Kensington deal ends

By Invezz
July 4, 2023

Arrival stock price analysis: plot thickens as Kensington deal ends

Electric vehicle (EV) stocks had a great day on Monday after Tesla announced robust quarterly deliveries. Companies like Tesla, Rivian, and Lucid Moto more_horizontal

Arrival (ARVL) Stock Joins EV Names in Rally Higher

By InvestorPlace
June 16, 2023

Arrival (ARVL) Stock Joins EV Names in Rally Higher

Among the more beaten-down EV stocks that are seeing some love today, Arrival (NASDAQ: ARVL ) is making a move higher. Shares of ARVL stock are up m more_horizontal

3 Stocks to Sell Now and NEVER Buy Again

By InvestorPlace
June 13, 2023

3 Stocks to Sell Now and NEVER Buy Again

A great way to play contrarian is by selling or shorting stocks that are perpetually bleeding and have little chance of making a recovery. There are m more_horizontal

3 Sorry EV Stocks to Sell in June Before It's Too Late

By InvestorPlace
June 8, 2023

3 Sorry EV Stocks to Sell in June Before It's Too Late

Last year, it was reported that more than 500 EV models are available globally. Competition has intensified and I expect several EV companies to go bu more_horizontal


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