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Mullen Automotive Provides Fiscal First Quarter 2023
BREA, Calif., Feb. 14, 2023 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced a financial update for its fiscal first quarter in 2023 ending December 31, 2022. Fiscal First Quarter 2023 and Recent Highlights Include: Mullen completed the purchase of ELMS’ (Electric Last Mile Solutions) assets in an all-cash $105 million purchase in November 2022 on the heels of the successful acquisition of a controlling interest in Bollinger Motors in September 2022. The Company has over $100 million in cash (includes restricted cash available for Company use) available for operations and investment at December 31, 2022. The Company has…
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Can I give car to automotive students?
Mahalo for supporting Honolulu Star-Advertiser. Take pleasure in this absolutely free story! Question: Does Honolulu Local community College settle for the donation of broken-down cars and trucks or SUVs for pupils in its automotive applications to practice on — sort of like the cadaver software for health care college students at the UH health-related faculty, but with cars and trucks for pupils who are discovering to be mechanics or other automotive professionals? If sure, how does a person go about donating a motor vehicle? Response: Not accurately. HCC does take donated vehicles as educating equipment, but they can not be fully broken-down automobiles that should have been junked. Also, to…
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World’s Top 5 EV Automotive Groups Ranked By Sales: Q1-Q4 2022
More than 10 million plug-in electric cars were sold in 2022, accounting for 14 percent of the total car sales globally. Today, we will take a look at the largest manufacturers (automotive groups) of rechargeable cars. According to EV-Volumes data, shared by Jose Pontes, five OEMs are responsible for more than half of all plug-in car sales. See December and 2022 full-year sales results here. As usual, first we will check out the volume and share of the top OEMs in the overall plug-in market first, and then in the battery-electric segment. In the plug-in category, which combines all-electric (BEV) and plug-in hybrid (PHEV) cars, the top five did not…
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GM’s Mary Barra leads 2023 Automotive Hall of Fame class
A former version of this story claimed Larry Wood under no circumstances labored for an automaker. Wood labored at Ford briefly in the early 1960s. DETROIT — Basic Motors CEO Mary Barra will smash an additional glass ceiling in July when she is inducted into the Automotive Corridor of Fame — the 1st woman CEO of an automaker to make that honor. Barra, who has led GM because 2014 and is overseeing its transition into the electric auto era, is amongst six “mobility pioneers” who will be inducted this year. Right here are the other honorees. Fred Bauer, founder of Gentex Corp., the Zeeland, Mich., electronics supplier whose beginnings…
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Karma Automotive to build B-ON’s eLCVs for US, Canada, LATAM
EV automaker Karma Automotive is even more focusing its manufacturing method to guidance commercial EVs, much more specifically B-ON, below a new producing partnership announced this week. Karma will commence creation this year at its ISO-qualified facility in California with the ability to deliver up to 30,000 electrical autos annually with the intent to grow from there to fulfill the demand for B-ON’s cars. Karma Automotive is an American luxury EV automaker spun out from the to start with iteration of Fisker Automotive immediately after Chinese automobile-sections provider Wanxiang Group obtained the company’s property in 2014. The acquisition integrated the Fisker Karma sedan, from which the new title was derived.…
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Inside moving exhibits at L.A.’s Petersen Automotive Museum
Jennifer Yates is directing traffic today — a routine happening as part of her job as head registrar at the Petersen Automotive Museum. This late January afternoon, however, traffic is especially gnarly — and not because it’s a Friday. Several valuable vehicles are arriving at — or leaving — the museum today, a coincidental calendar smashup that has Yates ping-ponging between projects. First, there were the Hetfield Collection cars, donated to the museum in 2019 by Metallica’s James Hetfield, Yates says while striding up and down South Orange Grove Avenue, a side street onto which the museum’s car elevator deposits vehicles from the mechanics shop below. Those 10 customized cars…
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