Sophia Cai

Government, Business, Fuel

Workhorse Valued at $1 Billion

U.S. Vice President Mike Pence speaks during the Lordstown Motors unveiling event June 25. U.S. Vice President Mike Pence speaks during the Lordstown Motors unveiling event in Ohio June 25. Workhorse has a 10% stake in the company. (Matthew Hatcher/Bloomberg News)

Shares of Workhorse Group Inc., a maker of electric delivery vehicles, are surging as investors bet the Trump administration will want the company and a fellow Ohio-based affiliate to succeed.

Sophia Cai | Bloomberg News
June 30, 2020