UK electric vehicle maker Arrival enters administration with 170 jobs at risk
by Alex Lawson from on (#6JD1T)
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.
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