Automotive News

Arrival, too, expressed "material uncertainties about the Company's ability to proceed as a going concern" in its final earnings launch. In 2020, Bollinger Motors' web money offered by financing actions was more than $20 million. Mullen Automotive Inc. acquired a controlling curiosity in Bollinger late final year, but in June, Bollinger had cash to cover somewhat greater than a month of working expenses. Bollinger only just revived its authentic merchandise, two electric off-road autos, and is still waiting to start manufacturing of a Class four truck. But these stumbles and others began to erode investor…