ELECTRIC TRUCK STARTUP BOLLINGER EXITS BANKRUPTCY AFTER PAYING BACK FOUNDER WHO SUED
https://media.zenfs.com/en/automotive_news_105/cef19057f812bb2e0a28aa8cc0754580
✍️ Bollinger Motors, an electric truck startup, has exited US bankruptcy court with financial aid from its parent company Mullen Automotive Inc., which has ambitious plans to revive the company in Michigan.
👉 Mullen Automotive Inc. has acquired an additional 21% stake in Bollinger Motors, bringing its ownership to 95% 👉 Bollinger Motors has been discharged from bankruptcy court 👉 Mullen plans to revive the company in Michigan 👉 Production of Class 4 trucks will resume in 8-10 weeks 👉 Mullen will consolidate its engineering base in Irvine, California to its tech center in Troy, Michigan 👉 Mullen's CEO, David Michery, plans to pay off debts to suppliers
-- #DavidMichery #RobertBollinger #JamesTaylor #AlexCalderone #California #Michigan #Detroit #Irvine #Troy #Mishawaka #Ind. #business
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