Bollinger Motors Names Former GM Executive James Taylor as CEO, Promotes Bryan Chambers to President & COO, Siva Kumar to Chief Strategy Officer
July 16 2024 - 9:30AM
via IBN --
Bollinger Motors, Inc., an
electric commercial vehicle ("EV") manufacturer, today announces it
has named former GM executive James Taylor as CEO. He will take
over for company founder Robert Bollinger, who will remain on the
company’s Board of Directors and a major shareholder.
In addition, the company promoted Bryan Chambers to President
and Chief Operating Officer and Siva Kumar to Chief Strategy
Officer and Senior Vice President of Finance.
“The leadership changes position Bollinger Motors for continued
success, as these three executives have, and will continue to have,
a profound impact on our trajectory,” Bollinger said. “I have
benefitted from my collaboration with Jim and his deep industry
experience. Now is the right time, and Jim is the right person, to
build on our momentum and get Bollinger to its ultimate goal.”
Taylor has worked closely with Robert Bollinger to bring the
company’s all-electric Bollinger B4 Class 4 Chassis Cab to market.
Taylor is a veteran automotive executive who has held leadership
positions with Cadillac and Hummer, and has deep electric vehicle
experience with Electric Last Mile Solutions, Workhorse, Karma, SF
Motors and Mullen Automotive for the last two years.
“I am grateful and excited for this opportunity to continue
moving Bollinger Motors toward a leadership role in the electric
vehicle industry,” Taylor said. “Robert and his team have done an
incredible job of creating a world-class electric truck with the
Bollinger B4, and the upcoming Bollinger B5. The response from the
market has been very encouraging and we are well-positioned to
disrupt the Class 4 trucking market.”
Chambers has over 35 years in automotive leadership and joined
Bollinger Motors in 2018 as Program Director and rose to Chief
Operating Officer. Prior to Bollinger Motors, Chambers operated
Chambers Services, LLC, a manufacturing consulting firm. He also
has held positions with Alternative Automotive Technologies,
Saleen, MSX International and Allied Signal.
Kumar joined Bollinger Motors in 2022 as Chief Financial
Officer. Prior to Bollinger Motors, he was CFO for Optimal EV. He
also has held positions with Skanda Capital, Ford Motor Company,
Meritor and Tenneco Automotive.
Bollinger Motors plans to launch the Bollinger B4 Chassis Cab in
the second half of 2024.The vehicle is an all-new,
battery-electric, zero-emissions Class 4 commercial truck designed
from the ground up with extensive fleet and upfitter input.
Bollinger’s unique chassis design protects the 800-volt battery and
components to offer unparalleled capability, flexibility and
performance in the commercial market. Bollinger Motors recently
qualified for federal clean vehicle purchasing incentives under the
Inflation Reduction Act, which provides $40,000 in refundable
tax credits per truck.
Bollinger Motors has reached several milestones in recent
months, including: receiving the Certificate of Conformity from the
Environmental Protection Agency; an 80 vehicle sale to Momentum
Groups; a 50 vehicle sale to EnviroCharge; the addition of Nacarato
Truck Centers, Nuss Truck & Equipment, and LaFontaine Auto
Group as dealers and service centers; Our Next Energy in Novi,
Michigan, to supply battery packs; Roush Industries
in Livonia, Michigan, to manage vehicle assembly
operations; Syncron as its warranty administration partner; and
Amerit Fleet Solutions as its mobile service provider.
ABOUT BOLLINGER MOTORS
Founded in 2015 by Robert Bollinger, Bollinger Motors, Inc.
is a U.S.-based company headquartered in Oak Park,
Michigan. Bollinger Motors is developing all-electric
commercial chassis cab trucks, Classes 4-6. In September of 2022,
Bollinger Motors became a majority-owned company of Mullen
Automotive, Inc. (NASDAQ: MULN). Learn more
at www.BollingerMotors.com and www.MullenUSA.com.
FORWARD-LOOKING STATEMENT
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 Bollinger Motors and are difficult
to predict. Examples of such risks and uncertainties include: (a)
Bollinger Motors’ ability to finalize a sales agreement with
EnviroCharge and Momentum Groups and deliver purchased vehicles on
schedule; (b) Bollinger Motors' continued partnership with Nacarato
Truck Centers, Nuss Truck & Equipment, and LaFontaine
Automotive Group as dealers and service centers; (c) Bollinger
Motors' continued partnership with Our Next Energy as a battery
supplier; (d) Bollinger Motors' continued partnership with Roush
Industries as a contract manufacturer; (e) Bollinger Motors'
continued relationship with Syncron as its warranty administration
provider; (f) Bollinger Motors’ continued relationship with Amerit
Fleet Solutions as its mobile service provider and (g) the
continued availability and support for federal commercial vehicle
purchasing incentives under the Inflation Reduction Act of
2022.
Additional examples of such risks and uncertainties include but
are not limited to: (i) Bollinger Motors' ability (or inability) to
obtain additional financing in sufficient amounts or on acceptable
terms when needed; (ii) Bollinger Motors' ability to maintain
existing, and secure additional, contracts with manufacturers,
parts and other service providers relating to its business; (iii)
Bollinger Motors' ability to successfully expand in existing
markets and enter new markets; (iv) Bollinger Motors' 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
Bollinger Motors' business; (viii) changes in government licensing
and regulation that may adversely affect Bollinger Motors'
business; (ix) the risk that changes in consumer behavior could
adversely affect Bollinger Motors' business; (x) Bollinger Motors'
ability to protect its intellectual property; (xi) the vehicles
developed will perform as expected and (xii) 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
Automotive, Inc., of which Bollinger Motors is a partially owned
subsidiary[NP1] [JP2] , with the Securities and Exchange
Commission. Bollinger Motors anticipates that subsequent events and
developments may cause its plans, intentions, and expectations to
change. Bollinger Motors assumes no obligation, and it specifically
disclaims any intention or obligation, to update any
forward-looking statements, whether because 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 Bollinger Motors'
plans and expectations as of any subsequent date.
SOURCE Bollinger Motors
Contact:Mike DeVilling, WestShore Public
Relations248-875-4207mdevilling@westshorepr.com
Corporate Communications:IBN Los Angeles,
California www.InvestorBrandNetwork.com 310.299.1717 Office
Editor@InvestorBrandNetwork.com
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