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Stock impact report

Michigan EV maker Bollinger Motors misses payroll as emails reveal mounting debts [Yahoo! Finance]

Bollinger Innovations, Inc. (BINI) 
Company Research Source: Yahoo! Finance
Bollinger was founded in 2015 and pitched itself as the builder of "the most bad-ass electric commercial trucks on the planet." The company builds vehicles in Livonia, is headquartered in Oak Park and has previously inked a manufacturing contract with Roush Industries, a Livonia-based manufacturer of high-performance vehicles, indicating that Roush would handle the production of Bollinger vehicles. As of Nov. 18, the company's website lists a chassis cab truck, the B4, as available for order, as well as two boxy SUV prototypes, the B1 and B2. A larger chassis cab truck, the B5, appears to be slated for release in 2026. A view of the Bollinger Motors B1 electric SUV prototype is seen at the company in Ferndale on Thursday, March 7, 2019. But the company's finances suggest a rough road ahead. In March, the company's founder and namesake, Robert Bollinger — who had left the company — sued to recoup on a $10 million loan he gave the company the previous October. Robert Bollinger Show less Read more
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