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BREA, Calif., Oct. 21, 2022 (GLOBE NEWSWIRE) — through InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an rising electrical automobile (“EV”) producer, broadcasts immediately the hiring of John Schwegman as its chief business officer (“CCO”) for Mullen’s line of business automobiles.
Prior to becoming a member of Mullen, Schwegman spent 35 years of his profession at General Motors (“GM”), the place he held numerous executive-level roles through which he led international groups throughout 4 continents. At GM, he oversaw the expansion of business product traces, repositioned core manufacturers, developed Chevrolet’s core electrical automobile prioritization, relaunched GM’s beforehand retired medium-duty business fleet business and extra.
Schwegman’s major focus shall be on development technique for Mullen’s lineup of business EVs, overlaying Class 1 by means of Class 6 of light- and medium-duty vehicles. Mullen’s present business automobile lineup consists of Class 1 and a pair of EV cargo vans. Mullen not too long ago made a majority acquisition of Bollinger Motors, whose portfolio consists of Class 3 by means of Class 6 business automobiles. Schwegman will oversee new enterprise and fleet gross sales alternatives throughout all Mullen-Bollinger business automobile classes.
“John has tremendous experience in commercial automotive sales, and this makes him a highly strategic addition to Mullen,” mentioned David Michery, CEO and chairman of Mullen Automotive. “We are very excited to have John on board; he will play a central role as CCO in the product planning and business development of our commercial vehicle division.”
“After an exciting career with GM, I decided to look further into the overall EV landscape. I was impressed with Mullen’s strategic approach, including the portfolio, the plants and Mullen’s speed to market. Mullen’s strategy, combined with my experience in commercial vehicles and strong relationship with fleets and dealers, will allow us to build a very competitive commercial EV story,” Schwegman mentioned.
About Mullen
Mullen Automotive is a Southern California-based automotive firm constructing the subsequent technology of premium electrical automobiles (EVs) which can be reasonably priced and constructed solely within the United States. With an end-to-end ecosystem that helps homeowners from check driving to financing and servicing by means of a novel hybrid dealership mannequin, clients are supported by means of each side of EV possession. The Mullen FIVE, the Company’s first electrical crossover, is slated for supply in 2024 and options an award-winning design and its patented PERSONA know-how that makes use of facial recognition to personalize the driving expertise for each particular person. To study extra in regards to the firm, go to www.MullenUSA.com.
Forward-Looking Statements
Certain statements on this press launch that aren’t historic info are forward-looking statements throughout the that means of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained on this press launch that aren’t statements of historic reality could also be deemed forward-looking statements. Words similar to “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and comparable expressions are meant to determine such forward-looking statements. All forward-looking statements contain important dangers and uncertainties that might trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements, lots of that are usually outdoors the management of Mullen and are troublesome to foretell. Examples of such dangers and uncertainties embody however aren’t restricted to: (i) whether or not the appointment of John Schwegman shall be useful to the Company; (ii) whether or not the Company will ship its automobiles throughout the slated timelines; (iii) Mullen’s capability (or incapacity) to acquire extra financing in adequate quantities or on acceptable phrases when wanted; (iv) Mullen’s capability to take care of current, and safe extra, contracts with producers, components and different service suppliers referring to its business; (v) Mullen’s capability to efficiently broaden in current markets and enter new markets; (vi) Mullen’s capability to efficiently handle and combine any acquisitions of companies, options or applied sciences; (vii) unanticipated working prices, transaction prices and precise or contingent liabilities; (viii) the power to draw and retain certified staff and key personnel; (ix) hostile results of elevated competitors on Mullen’s business; (x) modifications in authorities licensing and regulation that will adversely have an effect on Mullen’s business; (xi) the chance that modifications in shopper habits may adversely have an effect on Mullen’s business; (xii) Mullen’s capability to guard its mental property; and (xiii) native, trade and basic business and financial situations. Additional components that might trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements may be present in the latest annual report on Form 10-Ok, quarterly stories on Form 10-Q and present stories on Form 8-Ok filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent occasions and developments could trigger its plans, intentions and expectations to alter. Mullen assumes no obligation, and it particularly disclaims any intention or obligation, to replace any forward-looking statements, whether or not because of new info, future occasions or in any other case, besides as expressly required by legislation. Forward-looking statements converse solely as of the date they’re made and shouldn’t be relied upon as representing Mullen’s plans and expectations as of any subsequent date.
Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com
Wire Service Contact:
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
[email protected]
