Breaking #EV #Stock
News: Mullen Automotive (NASDAQ: $MULN) Taps Former GM
Executive John Schwegman as Chief Commercial Officer for Next Phase
of EV Growth; @Mullen_USA
Schwegman, with 35 years of experience with GM, will oversee the implementation of all
commercial strategies for Mullen Automotive's Commercial EV Vehicle Division
BREA, Calif., October 21, 2022 – (Investorideas.com
Newswire) Mullen
Automotive, Inc. (NASDAQ:MULN) (“Mullen” or the “Company”), an emerging
electric vehicle (“EV”) manufacturer, announces today the hiring of John
Schwegman as its Chief Commercial Officer (CCO) for Mullen’s line of commercial
vehicles.
Read this news,
feauring MULN in full at https://www.investorideas.com/CO/MULN/news/2022/10211John-Schwegman-CCO.asp
Prior to joining Mullen, Schwegman spent 35
years of his career at General Motors (GM), where he held various
executive-level roles in which he led global teams across four continents. At
GM, he oversaw the growth of commercial product lines, re-positioned core
brands, developed Chevrolet's core Electric Vehicle prioritization, re-launched
GM's previously-retired Medium Duty Commercial Fleet business, and more.
Schwegman’s primary focus will be on growth
strategy for Mullen’s lineup of commercial EVs covering Class 1 through Class 6
of light and medium duty trucks. Mullen’s current commercial vehicle lineup
includes Class 1 and 2 EV Cargo Vans. Mullen recently made a majority
acquisition of Bollinger Motors, whose portfolio includes Class 3 through Class
6 commercial vehicles. Schwegman will oversee new enterprise and fleet sales
opportunities across all Mullen-Bollinger commercial vehicle categories.
“John has tremendous experience in commercial
automotive sales, and this makes him a highly strategic addition to Mullen,”
said 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.”
“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, allows us to build a very
competitive commercial EV story,” said
John Schwegman, Chief Commercial Officer of Mullen Automotive.
About Mullen
Mullen Automotive is a Southern California-based automotive company
building the next-generation of premium electric vehicles (EVs) that are
affordable and built entirely in the United States. With an end-to-end
ecosystem that supports owners from test driving to financing and servicing
through a unique hybrid dealership model, customers are supported through every
aspect of EV ownership. The Mullen FIVE, the company’s first electric
crossover, is slated for delivery in 2024 and features an award-winning design
and its patented PERSONA technology that utilizes facial recognition to
personalize the driving experience for every individual. To learn more about
the company, visit www.MullenUSA.com.
Forward-Looking Statements
Certain statements in this press release that are not historical
facts are forward-looking statements within the meaning of Section 27A of the
Securities Exchange Act of 1934, as amended. Any statements contained in this
press release that are not statements of historical fact may be deemed
forward-looking statements. Words such as "continue,"
"will," "may," "could," "should,"
"expect," "expected," "plans,"
"intend," "anticipate," "believe,"
"estimate," "predict," "potential" and similar
expressions are intended to identify such forward-looking statements. All
forward-looking statements involve significant risks and uncertainties that
could cause actual results to differ materially from those expressed or implied
in the forward-looking statements, many of which are generally outside the
control of Mullen and are difficult to predict. Examples of such risks and
uncertainties include but are not limited to: whether the appointment of John
Schwegman, will be beneficial to the Company, whether the
Company will deliver its vehicles within the slated timelines and (i) Mullen’s
ability (or inability) to obtain additional financing in sufficient amounts or
on acceptable terms when needed; (ii) Mullen's ability to maintain existing,
and secure additional, contracts with manufacturers, parts and other service
providers relating to its business; (iii) Mullen’s ability to successfully
expand in existing markets and enter new markets; (iv) Mullen’s ability to
successfully manage and integrate any acquisitions of businesses, solutions or
technologies; (v) unanticipated operating costs, transaction costs and actual
or contingent liabilities; (vi) the ability to attract and retain qualified
employees and key personnel; (vii) adverse effects of increased competition on
Mullen’s business; (viii) changes in government licensing and regulation that
may adversely affect Mullen’s business; (ix) the risk that changes in consumer
behavior could adversely affect Mullen’s business; (x) Mullen’s ability to
protect its intellectual property; and (xi) local, industry and general
business and economic conditions. Additional factors that could cause actual
results to differ materially from those expressed or implied in the
forward-looking statements can be found in the most recent annual report on Form
10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by
Mullen with the Securities and Exchange Commission. Mullen anticipates that
subsequent events and developments may cause its plans, intentions and
expectations to change. Mullen assumes no obligation, and it specifically
disclaims any intention or obligation, to update any forward-looking
statements, whether as a result of new information, future events or otherwise,
except as expressly required by law. Forward-looking statements speak only as
of the date they are made and should not be relied upon as representing
Mullen’s plans and expectations as of any subsequent date.
Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
Wire Service
Contact:
InvestorWire (IW)
Los Angeles, California
212.418.1217 Office
Mullen Automotive, Inc. (OTCQB:MULN)
is a featured EV stock on
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