Bankrupt commercial EV startup Arrival has sold some of its assets, including advanced manufacturing equipment to Canoo, another struggling startup trying to build and sell electric vehicles. The acquisition, which was touted as a cost-saving measure that will reduce capital expenditures by 20%, comes as Canoo struggles to move beyond prototypes toward commercial production. Canoo […]
Potential Kylian Mbappe Arrival Excites Real Madrid Fans After PSG Decision
Paris Saint-Germain striker Kylian Mbappe seems to be edging towards a Real Madrid move, with excitement already building in the Spanish capital. The 25-year-old France captain informed PSG officials he intends to leave in the summer at the end of his contract, a source close to the Ligue 1 champions said Thursday. Madrid are in […]
EV startup Arrival looks to sell off assets, intellectual property of UK division
Commercial EV startup Arrival’s business continues to unravel. Arrival announced Monday in a regulatory filing that its U.K. division is entering administration, the country’s version of bankruptcy. The troubled company, which went public in 2021 via a merger with a special purpose acquisition company, said it’s looking to sell its U.K. assets and intellectual property […]