Mullen Automotive (MULN) announces the consolidation of Mullen and Bollinger Motors operations. The Company is also updating its name to Bollinger Innovations and expects to update its NASDAQ ticker symbol prior to Aug. 15, 2025. Since January 2025, the Company has eliminated 155 positions and reduced overall operating expenses by a minimum of $35M annually. Consolidation includes moving commercial vehicle operations to Oak Park, Michigan, and merging Mullen and Bollinger sales, marketing and service operations under the unified Bollinger brand. This Company-wide consolidation eliminates redundancy while continuing focus on Class 1, 3 and 4 Commercial vehicle segments.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MULN:
- Mullen Automotive to begin accepting cryptocurrency for EV purchases
- Insider Sales Shake Up Phillips 66, Bloom Energy, Transocean, Mullen Automotive, and ADMA Biologics
- Mullen Automotive Resolves Legal Disputes with GEM
- Mullen Automotive finalizes settlement with Gem Group
- Mullen Automotive trading resumes