Pay-walled, will have to screen grab for the gist of not a subscriber.
‘It is now valued at $444mn’.
Plenty to scope for that valuation to come down in the near future.
The main thing that I learnt from the article is
Its European van, shown by the company at motor shows internationally, is not suitable for the US market.
The point is that it will take quite some time to develop something for the US market. This is supposedly three years - including time to pass the appropriate certification tests. That would mean no money coming in for three years (presumably?)
It seems that some people peeved about the redundancies in Bicester (perhaps their own redundancies), are not happy that a recently moved US based software team has remained intact. The criticism of
The axe on jobs has also fallen unevenly
is made by them. Which I on the face of it I would not think is a problem. After all a business needs to focus on the ‘right roles’ to make it succesful. Isn’t that the point of redundancies?
So to sum up, there has been a lot of bad mouthing of the company. I am not an insider. I have no idea about the merits or validity of any of the criticism.
The other thing that the article says is that
plan was to make a commercial cargo plane or passenger vehicle, with a dedicated team based out of a business park in Feltham in west London and staffed in part by former executives from electric plane start-up Lilium
You can take a half empty or half full approach to that information. 
I think is the same article somewhere else (without paywall)
This is ridiculous. They already changed the van’s design and it is still not ok for the US market. This is a failure of management surely. If the current design doesn’t work in the US, then this company is dead. No way investors and buyers want to wait another 3 years.
This thing about the van not being suitable for the US market is complete rubbish, it’ll need some changes to meet regulations but not a lot. Ford sell the European Transit in the US, Mercedes sell the European Sprinter, Dodge sell the European Fiat Ducato, these are all vehicles modified to meet the US regulations, they’re not completely redesigned for the market, in fact if the steering wheel was on the same side then you wouldn’t even notice.
Audi, BMW, Mercedes etc all sell plenty of cars, they’re not designed any different, they have different lighting, some have different bumpers and a few other things, all easily changeable items
I’m with you. Strange stuff isn’t it? Some very peeved people. Another reason I find it strange is because I had read that the original plans were to ship from the U.K. to the USA. So one would assume that they must have been thinking about and designing-in US regulations.
But as I said I am an outsider, with negligible knowledge of both mechanical engineering and the auto industry.
Hopefully it does not need a lot of changes but this had to be thought well before. How come that in all these years they did not anticipate US regulations?
Unless I am mistaken, I thought the whole deal with Arrival was that their vehicles and microfactories were modular and could be customised depending on local needs? If so, they are probably pretty well equipped to deal with localising their vehicles to different markets.
Exactly
ONE HUNDRED PERCENT, but that’s the concept that’s yet to be proven.
Judgement day in 1 hour’s time.
I think they might issue reverse split news 
Cash to last until Q3‘23
No revenue in ‘23
6 months from now for any funding to materialise…
Risk factor 5,000?
Not great!
Absolute brutal day/week for arrival.
Not looking too good for the short/medium/long term future of the company
Such a shame. It had really good promise. Just the execution and leadership decisions and global issues have really hit this company hard.
Stocktwits has imploded.
Was one of my larger investments. Albeit a very high risk one.
Whether they can get funding, partner or takeover before bankruptcy in 2023 is anyone’s guess.
Only time will tell.
Good luck to all those (including myself) that are still invested in this company
Did anyone attended the earnings call? Any positive message from the management?
Is the cash burn increase related to the fact that they need to move operations to the US?
If that were true they wouldn’t be reversing track so dramatically and postponing so long. Lots of people asked questions of their manufacturing approach and the lack of answers is now coming to bite them.
Boy, I haven’t caught up with the Arrival story for a while but I can barely believe what I’m reading. Staff looting from facilities, a secret jet project?! Protection of the software team is probably the worst in a growing list of red flags. I’m not surprised BlackRock demanded a meeting with executives.
At this point management should be looking for a buyer immediately. Near zero chance they can raise enough money to build a factory stateside to receive subsidies. There’s a lot of valuable IP that many in the industry would be interested in. Anything else is effectively a breach of their fiduciary duty. What a sorry state of affairs, best of luck to any shareholders!
I attended the call, and the recording should be on their website. Nothing particularly positive, cash flow should last for about a year, but they don’t plan to produce any vans until at least 2024.
They are trying to secure funding, and supposedly the preliminary conversations were positive, but who knows.
Also Denis says the media claims are false, but didn’t provide any detail.