TechMediaBreaks – Bollinger Innovations, Inc. (NASDAQ: BINI) Expands Cost-Cutting Measures, Consolidates Operations
Bollinger Innovations (NASDAQ: BINI), an electric vehicle manufacturer, announced additional staff reductions and facility eliminations as part of its ongoing consolidation efforts following the recent merger under the Bollinger Innovations brand. The company reported general and administrative and research and development expenses of $47.7 million for the quarter ended June 30, 2025, and has reduced those costs to $18.6 million per quarter, a 61% decrease. Measures include eliminating facilities in Irvine and Monrovia, Calif., and Mishawaka, Ind., ending third-party manufacturing with Roush Industries, and consolidating B4 production to its company-owned plant in Tunica, Miss. CEO and Chairman David Michery said…