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The purchase price is $148.2 million in cash and stock for a 60% controlling interest, which gives Mullen the majority ownership of Bollinger Motors, Inc.
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Get the inside scoop on the latest fleet news in this State of the Fleet Industry video interview. Here, sit down with Brendan P. Keegan, CEO and now president and chairperson of Merchants, to discuss how the just-announced acquisition will affect the company and the industry.
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Check back in with Wheels Donlen, as AF chats with Shlomo Crandus to catch up on the LeasePlan USA acquisition.
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Through Schneider Electric's investment, EV Connect plans to accelerate its growth and empower energy companies by optimizing EV charging infrastructure.
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The acquisition supports the launch of the EBlock platform in the U.S. Southeast market.
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The 16 auction operations take on the name of America's Auto Auction, which XLerate bought in January.
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Used vehicle marketplace KAR Global has now sold all of its ADESA U.S. physical auction business to Carvana. KAR will continue to operate its online auction portal Openlane.
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