Manufacturer of ‘Uber car’
The still young British company Arrival is in dire straits. It is forced to show half of the staff the door. Arrival is working on an electric car for taxi service Uber and on electric commercial vehicles.
We know the ambitious British company Arrival from some special creations. In 2017, for example, an electric van appeared for the Royal Mail, a prelude to more electric commercial vehicles. Arrival developed a special modular EV platform for this purpose that aroused the interest of big names. UPS reported as a future customer and reserved no less than 10,000 electric vans at Arrival in 2020. Hyundai and Kia also joined forces with the company that year, with the South Koreans investing €100 million in the company. The main goal: making electric commercial vehicles together. In 2021, Uber joined the development of an electric taxi, which was presented as ‘Arrival Car’ at the end of that year.
Big plans, only now it is becoming a bit more uncertain whether it will all come true. Reuters reports that Arrival is cutting half of its workforce. This would put about 800 people on the street and therefore the same number would remain inside the gates. A big blow to the company, but it would be necessary to keep its head above water financially. The operating costs would now amount to about €27.5 million per quarter, where it would otherwise have been twice. The cost savings continue Reuters also related to planned expansion to the United States. Arrival also wants to set up a branch there and start building vehicles. That would have proved more challenging financially than the company had anticipated.
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– Thanks for information from Autoweek.nl