Skip to main content

UK electric vehicle maker Arrival enters administration with 170 jobs at risk

New York-listed company, once valued at $15bn, failed to launch its debut electric van

The British electric vehicle maker Arrival has collapsed into administration – putting 170 jobs at risk – just three years after it was valued at more than $15bn.

The company, which had two manufacturing sites in Oxfordshire, has appointed consultancy firm EY as administrator, after failing to launch its debut electric van.

Continue reading...

Comments

Post a Comment

Popular posts from this blog

German police crack down on illegal street car tuning as season begins

Enthusiasts gathering on Good Friday – renamed Carfreitag – face curbs on unauthorised tuning, illegal races and pollution Police in Germany have announced a crackdown on illegal racing and the unauthorised modification of cars as members of the so-called tuning scene meet across the country for the start of their annual season. The Good Friday holiday marking Christ’s death on the cross, called Karfreitag in German – from the Old High German word kara , meaning sorrow – is otherwise known by the extreme car enthusiasts as Carfreitag (car Friday) for its unofficial gathering of the “tuners” and “car posers”. Continue reading...
Post a Comment
Read more

One in four cars sold in May in Australia was an EV or hybrid vehicle, data shows

Automative industry findings show Australians have purchased double the number of hybrid vehicles this year compared to the same period last year Follow our Australia news live blog for latest updates Get our morning and afternoon news emails , free app or daily news podcast Australian drivers bought a record number of new vehicles in May, with many choosing to reduce their fuel costs by choosing hybrid and electric models. Almost one in four new cars bought in Australia is a low-emission vehicle, as hybrid and electric models claim a bigger share of the market. But Australia’s love for large vehicles is still on the rise, with SUVs dominating and ute sales continuing to grow. Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...
Post a Comment
Read more

Nissan open to making cars for Chinese partner in Sunderland, says CEO

Ivan Espinosa says UK plant will not be hit by cost cuts as Japanese firm reveals seven factories to close Business live – latest updates Nissan’s new chief executive has said the Japanese carmaker would be open to building cars for a Chinese partner at its factory in Sunderland as he confirmed it would not be closed in a round of deep cost cuts. This week Nissan revealed plans to close seven factories and cut 20,000 jobs after sustaining heavy losses. Continue reading...
Post a Comment
Read more