Bollinger Motors announced its emergence from receivership following Mullen Automotive Inc.'s settlement of claims in a lawsuit filed by Bollinger Motors' founder, Robert Bollinger. This resolution removes a significant legal and operational hurdle for the subsidiary.
In connection with the settlement, Mullen Automotive increased its ownership stake in Bollinger Motors to 95%. David Michery, CEO and chairman of Mullen Automotive, also assumed the roles of CEO and chairman of Bollinger Motors, consolidating leadership.
This move ensures a full commitment to EV customers and vehicle service, allowing Bollinger Motors to continue operating as a subsidiary of Mullen Automotive. The companies are focused on a shared vision to electrify fleets with world-class vehicles and industry-leading customer support.
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