Arrival (ARVL) names new CEO but cuts staff in half as it fights to reach Van production in US
The woes continue for commercial EV startup Arrival, which hopes an internal promotion of a new CEO can help get its all-electric Van into US production as part of a business strategy pivot to cut costs. Arrival is still struggling with capital however as it also shared plans to reduce its current staff by 50% to further cut costs and stay afloat. Here’s the latest.
The post Arrival (ARVL) names new CEO but cuts staff in half as it fights to reach Van production in US appeared first on Electrek.
