Mullen Streamlines Business Operations to Focus on Near Term Commercial Opportunities
Mullen Automotive, Inc. (MULN)
Company Research
Source: GlobeNewswire
Cost saving initiatives aimed at reducing operating and investing cash flows by approximately $170 million over the next 12 months when compared to operating and investing cash flows reported for the 12 months ended Sept. 30, 2023. “Momentum is increasing and we have transactions with fleets of varying sizes and vocations,” said Brad Sigmon, Vice President of Randy Marion Automotive Fleet Operations. “Building on March transactions, our April goal is to move 100 units of Mullen Commercial EVs.” BREA, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today the Company has initiated significant cost reduction and consolidation measures, aligning budget to current conditions. Actions are expected to drive an estimated $170 million reduction in the Company’s operating and investing cash flow expenses over the next 12 months when compared to operating and
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MULN
News
- Pritchard EV and Mobile Road Service Solutions Debut All Electric Mullen ONE Roadside Assistance Vehicle at American Towman Showcase in Las Vegas [Yahoo! Finance]Yahoo! Finance
- Pritchard EV and Mobile Road Service Solutions Debut All Electric Mullen ONE Roadside Assistance Vehicle at American Towman Showcase in Las Vegas [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Pritchard EV and Mobile Road Service Solutions Debut All Electric Mullen ONE Roadside Assistance Vehicle at American Towman Showcase in Las VegasGlobeNewswire
- Mullen Adds One of the Largest US Commercial Dealers, Pritchard EV, to Dealer Network [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Mullen Adds One of the Largest US Commercial Dealers, Pritchard EV, to Dealer Network [Yahoo! Finance]Yahoo! Finance
MULN
Sec Filings
- 4/29/24 - Form 8-K
- 4/8/24 - Form 8-K
- 3/13/24 - Form 8-K
- MULN's page on the SEC website