Brief: Mullen To Integrate Troy, Irvine Engineering Centers

Bollinger Innovations

08/04/2024 13:45

April 8 (Reuters) - Mullen Automotive Inc  MULN.O :
    * MULLEN STREAMLINES BUSINESS OPERATIONS TO FOCUS ON NEAR
TERM
COMMERCIAL OPPORTUNITIES
    * MULLEN AUTOMOTIVE INC - COST SAVING INITIATIVES AIMED AT
REDUCING OPERATING AND INVESTING CASH FLOWS BY APPROXIMATELY
$170 MILLION OVER NEXT 12 MONTHS
    * MULLEN AUTOMOTIVE INC - PRIORITIZING NEAR TERM REVENUE
OPPORTUNITIES AND SIGNIFICANTLY CURTAILING NONCOMMERCIAL PROGRAM
    * MULLEN AUTOMOTIVE INC -  PLANNED CHANGES INCLUDE
INTEGRATION OF
TROY AND IRVINE ENGINEERING CENTERS
    * MULLEN AUTOMOTIVE INC - BUILDING ON MARCH TRANSACTIONS,
APRIL
GOAL IS TO MOVE 100 UNITS OF MULLEN COMMERCIAL EVS
    * MULLEN AUTOMOTIVE INC -  MAKING THESE CHANGES TO REFINE
BUSINESS
OPERATIONS AND BETTER ALIGN FOCUS ON COMMERCIAL EV SEGMENT

Source text for Eikon:  ID:nGNX9yQs4z 
Further company coverage:  MULN.O 

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