If it sells well, an electric version of the best-selling vehicle in the U.S. could help accelerate the move to electric vehicles.
The electric-car maker’s performance reflected increasing sales and production around the world.
Arrival, a developer of electric vans and buses, says it has come up with a cheaper way to build vehicles in small factories. But can it deliver on that promise?
“At the end of the day, it was a bit of fun with the name and the brand,” a Volkswagen spokesman said.
Federal regulators are investigating 23 recent accidents in which drivers were, or may have been, using the automatic steering and braking system.
The electric carmaker has struggled with quality issues as it has scaled from making tens of thousand cars a year to 500,000 in 2020.
The move, one of the most ambitious in the auto industry, is a piece of a broader plan by the company to become carbon neutral by 2040.