Automotive News

Mullen Automotive Inc (MULN) Stock Is Down -42.86% This Week: Buy, Hold, or Sell?

June 12, 2023

News Home Monday, June 12, 2023 12:11 PM | Investors Observer Analysts Mentioned in this article Mullen Automotive Inc (MULN) stock has fallen -98.48% over the last 12 months. InvestorsObserver’s proprietary ranking system, gives MULN stock a score of 5 out of a possible 100. That rank is mainly influenced by a short-term technical score of 0. MULN’s rank also includes a long-term technical score of 16. MULN has an Overall Score of 5. Find out what this means to you and get the rest of the rankings on MULN! What’s Happening with MULN Stock Today Mullen Automotive Inc (MULN)…

Automotive News

Protect Your Car’s Windows and Windshield from Damage

June 12, 2023

Drivers are powerless over flying projectiles on Jacksonville roadways. We can be hit with any number of unidentifiable debris that seems to appear out of nowhere. These small projectiles can cause serious damage to your auto glass. The only defense is to pray hard and be careful. Safeguard Your Ride Windshield damage from freak accidents can happen whether you’re driving a car or not. You can reduce the odds of an injury by always parking in the safest place possible. Garages are ideal, but even a basic carport provides protection. There are also special blankets that can shield your car…

Used Cars

In Pictures! How Hydroforming Can Replace Sheet Metal Stamping in the Manufacturing Industry

June 12, 2023

Introduction In the quest for improved competitiveness, industries are constantly seeking effective methods to reduce costs and time in their manufacturing processes and operations. To achieve this goal, many companies are adopting unconventional and more competitive production methods. Against this backdrop, Tecumseh do Brasil, in collaboration with AutoForm and TechnNova, seeks to conduct a feasibility study to explore the potential of using the hydroforming process instead of conventional stamping to produce hermetic compressor housings. This study will be conducted through numerical simulations, and the aim is to increase the efficiency and competitiveness of the production process. Methodology To ensure that…

Automotive Deals

MULN Stock: 5 Signs That Mullen Is Entering a ‘Death Spiral’

June 12, 2023

Mullen Automotive (NASDAQ:MULN) has long surprised me with its ability to stay alive. Every time cash has run short, the firm has managed to issue more convertible debt and spin it to retail investors as a positive event. “As of Feb. 28, 2023, Mullen has $87,400,009 of cash and cash equivalents, including restricted cash, and Mullen expects to receive an additional $110 million from firm commitments by June 1, 2023” a March press release noted. Even its overpriced acquisitions have been a masterclass in how to hide intangible assets. I detailed here how Mullen’s financials likely overstate the carrying value…

Automotive Accessories

Exploring the Global Interior Car Accessories

June 11, 2023

Global Interior Car Accessories Market The global automotive interiors market is expected to grow moderately through the end of 2024 due to increased sales of passenger cars and pickup trucks. The impact of the growth of online aftermarket retailers in developed regions is expected to have a positive impact on the size of the automotive interiors market. The market advancement is projected to accelerate due to the increasing demand for fast-paced auto accessories and vehicle customization. The sudden drop in demand and supply across the transport sector due to the COVID-19 pandemic has been an obstacle to market growth, but…

Automotive News

Ford, GM, Volvo exhaust supplier Wescast closing Ontario foundry, Unifor says

June 10, 2023

Wescast Industries, a Tier 1 automotive supplier of exhaust manifolds, has informed Unifor of its intention to close its foundry in Wingham, Ont., where it has operated for more than 120 years, the union said May 29. Unifor said the closure will devastate workers, families and the community of Wingham, about 190 kilometers northwest of Toronto. About 250 members of Unifor Local 4207 work at the facility. “Wescast and its overseas owners are turning their backs on the foundry’s dedicated workforce and the community that has supported them for generations,” Unifor National President Lana Payne said. “The Wingham foundry closure…

Used Cars

Fire breaks out at second-hand car showroom in Hyderabad

June 10, 2023

A visual from the spot (Photo/ANI) Hyderabad: A fire broke out at a car showroom in LB Nagar in Telangana’s Hyderabad district, police said. According to the police, a huge fire broke out in the garage of a second-had car showroom in LB Nagar Police Station limits. “The fire broke out around 9 pm on Tuesday at a second-hand car showroom beside BVK cinemas, LB Nagar, Hyderabad. The loss of property is yet to be determined. No loss of life has been reported. The fire personnel have reached the spot and the efforts are underway to bring the blaze under…

Automotive News

Stellantis, GM pay $363 million in US fuel economy penalties

June 9, 2023

Chrysler-parent Stellantis and General Motors paid a total of $363 million in civil penalties for failing to meet US fuel economy requirements for prior model years, documents seen on Friday by Reuters show. The record-setting penalties include $235.5 million for Stellantis for the 2018 and 2019 model years and $128.2 million for GM covering 2016 and 2017, according to NHTSAwhich administers the Corporate Average Fuel Economy program. Stellantis said the penalties “reflects past performance recorded before the formation of Stellantis, and is not indicative of the Company’s direction.” Stellantis previously paid a total of $156.6 million in penalties for the…

Automotive Deals

Chrysler-Dodge-Jeep-Ram and Kia dealerships change owners

June 9, 2023

Sons Automotive added two stores Sons Automotive Group bought two dealerships in Montgomery, Ala., in part because they’re in a “single-point” market — that is, without competing, same-brand stores, said Clay Nalley, CEO of the Atlanta group. Sons Automotive on Jan. 17 bought the former Brewbaker Motors, a Stellantis dealership, and Brewbaker Kia, from selling dealer Dick Brewbaker. They stores were renamed Sons Chrysler-Dodge-Jeep-Ram-Fiat and Sons Kia of Montgomery, respectively. Nalley is the principal dealer for the Montgomery stores. He and his brothers, Slater and Street Nalley, are co-owners of Sons Automotive. Their father is Atlanta-area dealer Jim Nalley. The…

Automotive repair

Automotive repairs: Taking the stress out of dealing with a mechanic

June 9, 2023

Dealing with an auto service repair facility doesn’t have to be a stressful experience. At its core, this is a customer service industry, you are the client, and the goal for the provider should be to address your needs while offering you as pleasant of an experience as possible. Unfortunately, for a variety of reasons, it doesn’t always play out like that. Car repair — maintenance also falls under that heading — is a big business, estimated to be an industry of more than $10 billion in Canada last year alone, so there’s a very real risk of paying more…

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