{"id":82442,"date":"2025-05-17T07:53:46","date_gmt":"2025-05-17T11:53:46","guid":{"rendered":"http:\/\/autosector.com\/?p=82442"},"modified":"2025-05-17T07:53:46","modified_gmt":"2025-05-17T11:53:46","slug":"bollinger-motors-circles-the-drain-as-court-cases-debts-pull-it-down","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=82442","title":{"rendered":"Bollinger Motors circles the drain as court cases, debts pull it down"},"content":{"rendered":"
\n\t\"Bollinger<\/figure>\n

A federal court judge in Michigan has placed the once-promising electric truck brand Bollinger Motors\u2019 assets into receivership following claims that the company\u2019s owners still owe its founder, Robert Bollinger, more than $10 million.<\/p>\n

<\/p>\n

Bollinger Motors first came to fame in the \u201cdraw a truck, get a billion dollars\u201d stage of the EV revolution that saw Nikola rise to a higher market cap than Ford for a brief time<\/a>. Robert Bollinger wasn\u2019t able to capitalize quickly enough to get his trucks into production, though \u2013\u00a0and a late stage pivot to sell the brand to Mullen Automotive and launch a medium-duty commercial truck doesn\u2019t appear to have been enough to save it<\/a>.<\/p>\n

Now, Automotive News <\/em>is reporting on some of the more convoluted details of the Mullen purchase deal, with Robert (for ease of distinguishing the man from the brand) claiming that Mullen Automotive owes him more than $10 million for a loan he made to the company in 2024.<\/p>\n

Just how Robert ended up giving Mullen Automotive $10 million to take his eponymous truck brand off his hands is probably one of those capitalistic mysteries that I\u2019ll never understand, but Mullen\u2019s response was perfectly clear: they didn\u2019t even bother to show up to court<\/a>.<\/p>\n

\tAdvertisement – scroll for more content<\/span><\/p>\n

Bollinger claims that at least two suppliers are also suing Mullen for unpaid debts. As such, the Honorable Terrence G. Berg has put the Bollinger brand into receivership, and its\u00a0assets have been frozen\u00a0in preparation for everything being liquidated. Worse, for Bollinger, the official court filings reveal a company that is really very much doing not awesome<\/a>:<\/p>\n

\n

The testimony and evidence\u2014which Defendant\u2019s counsel conceded accurately reflected Defendant\u2019s finances\u2014showed that Defendant is in crisis. For months Defendant has owed more than twenty million dollars to suppliers, contractors, service providers, and owners of physical space. These debts are owed to parties who are critical for Defendant\u2019s functioning. CEO Bryan Chambers testified that Defendant was locked out of its production facilities on May 5, 2025, and that the owner of the production facilities was seeking to permanently evict Defendant. The Court heard that Defendant had been prevented from accessing its critical manufacturing accounting system for a short time at the end of April 2025, before making a partial payment to restart services.<\/p>\n

US DISTRICT COURT EASTERN DISTRICT OF MICHIGAN<\/p>\n<\/blockquote>\n

I\u2019m not sure if you caught all that, but Bollinger\u2019s CEO has been locked out the company\u2019s facilities and getting evicted<\/a>, the company is more than $20 million in debt, and that debt is owed to people Bollinger absolutely needs in order to keep going.<\/p>\n

You can read the full court decision, which I\u2019ve embedded here, below. Once you\u2019ve taken it all in, feel free to rush into the comments to say you told me so, since I really thought hoped the Bollinger B1 had a shot. Silly me.<\/p>\n

Bollinger v. Bollinger case<\/h2>\n

SOURCES<\/strong>: Automotive News<\/a>, Justia<\/a>, Yahoo!<\/a>.<\/p>\n

\n

FTC: We use income earning auto affiliate links.<\/em> More.<\/a><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

A federal court judge in Michigan has placed the once-promising electric truck brand Bollinger Motors\u2019 assets into receivership following claims that the company\u2019s owners still owe its founder, Robert Bollinger, more than $10 million. Bollinger Motors first came to fame in the \u201cdraw a truck, get a billion dollars\u201d stage of the EV revolution that […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/82442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=82442"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/82442\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=82442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=82442"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=82442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}