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Fallen Billionaire Steps Down as CEO of Troubled EV Startup

(Bloomberg) -- Arrival SA, the electric van startup that recently warned it’s running out of cash, said its former billionaire founder will step down as chief executive officer.Most Read from BloombergBinance’s Zhao Flags Possible $1 Billion for Distressed AssetsMalaysia PM Anwar Plans Confidence Vote to Prove to Rival He Commands a MajorityElizabeth Holmes Judge Proposes Texas Prison, Family VisitsChina Covid Cases Jump to Record High, Topping Shanghai OutbreakDenis Sverdlov will swap positions