Electric truck maker Bollinger Motors Inc. will live on after it emerged from receivership this week with a new CEO and ownership structure.

A federal judge early last month had ordered the Oak Park, Michigan-based company to be overseen by the independent third party amid recent financial woes that had halted production and were affecting its ability to pay employees and make rent payments. The order came as part of a lawsuit filed by Robert Bollinger, the company's founder and former CEO, who said the truck maker owed him about $10 million. It appeared the once high-flying EV startup's decade-long run was coming to an end with its assets distributed to creditors.

But now court records and company statements from Bollinger and its parent Mullen Automotive Inc. say the receiver has bee

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