Workhorse Group

Government, Business, Technology, Equipment, Fuel

Oshkosh Acknowledged Weakness on EVs Before Win in Postal Deal

USPS David Paul Morris/Bloomberg News

Oshkosh Corp. executives cautioned investors that they lacked expertise in building electric vehicles several months before the company won a lucrative U.S. Postal Service contract to build next-generation mail-delivery vans with batteries or internal-combustion engines.

Todd Shields and Ari Natter | Bloomberg News
March 10, 2021
Business, Fuel

Workhorse Rises After Lawmaker Seeks Probe of Big Oshkosh Trade

Monitors display stock market information in a window at the Nasdaq MarketSite in New York. (Michael Nagle/Bloomberg News) Michael Nagle/Bloomberg News

Workhorse Group Inc. rose after a U.S. lawmaker raised questions about a $54.2 million late-day block trade in competitor Oshkosh Corp. on the eve of a blockbuster U.S. Postal Service contract award.

March 8, 2021
Government, Business, Fuel

Workhorse Sees ‘Prolonged Process’ to Challenge USPS Action

USPS delivery vehicles outside a post office in Torrance, Calif. (Patrick T. Fallon/Bloomberg News) USPS delivery vehicles outside a post office in Torrance, Calif. (Patrick T. Fallon/Bloomberg News)

Workhorse Group Inc. said March 4 it sees a “prolonged process” as it attempts to challenge the loss of a massive U.S. Postal Service contract to build the agency’s next-generation fleet of delivery trucks.

Ari Natter and Todd Shields | Bloomberg News
March 4, 2021
Government, Business, Fuel

Workhorse to Meet With USPS Over Truck Contract

 (Luke Sharret/Bloomberg News)

Representatives of electric-truck maker Workhorse Group Inc. are scheduled to meet with officials at the U.S. Postal Service March 3 as the company explores options for challenging the loss of a massive contract to build the next generation of postal trucks.

Ari Natter | Bloomberg News
March 1, 2021
Government, Business, Technology, Fuel, Autonomous

Workhorse Passed Over as Oshkosh Wins USPS EV Contract

USPS' Next Generation Delivery Vehicle A view of the Next Generation Delivery Vehicle to be built by Oshkosh Corp. for USPS. (United States Postal Service)

Electric-vehicle maker Workhorse Group Inc. plunged on Feb. 23, triggering multiple trading halts, after a key U.S. Postal Service contract that some had expected it to win went to rival Oshkosh Corp. instead.

Esha Dey | Bloomberg News
February 24, 2021
Business, Technology, Equipment, Safety, Fuel

COVID-19 Jolts Workhorse Production; Year-Over-Year Losses Widen

Workhorse van More than 36% of Workhorse's production staff is currently out with COVID-19. The electric vehicle maker's net loss grew to $84.1 million in Q3 from $11.5 million in the same quarter a year earlier. (Workhorse Group)

A COVID-19 outbreak has upended production at electric truck startup Workhorse Group as nearly 40% of the company’s factory workforce have become infected or exposed to the virus.

Jerry Hirsch | Contributing Writer
November 9, 2020
Business, Technology, Fuel

Workhorse Falls on Short-Seller Claim It Misled Investors

The short-seller report alleges Workhorse's postal-truck prototypes were plagued with problems. The short-seller report alleges Workhorse's postal-truck prototypes were plagued with problems. (Workhorse Group)

Workhorse Group Inc. shares fell briefly after a short seller published a report accusing the startup electric-vehicle manufacturer of “misleading investors” and alleging it’s unlikely to win a key contract to supply postal trucks.

Chester Dawson and Esha Dey | Bloomberg News
October 8, 2020
Business, Technology, Equipment, Fuel

Ryder Offers Workhorse Electric Step Van

Workhorse C 1000 A Workhorse C 1000 electric step van. Ryder will place the first group of Workhorse C 1000 vehicles through COOP. (Youtube via Duane Hughes)

Workhorse Group Inc. announced Ryder System Inc. is offering the C-Series Workhorse all-electric step van and that Ryder will place the first group of Workhorse C 1000 vehicles through COOP.

July 24, 2020
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
Business, Technology, Equipment, Fuel

GM Sells Shuttered Lordstown, Ohio, Assembly Plant to Electric Vehicle Startup

Shuttered Ohio Assembly Plant The GM plant in Lordstown. (Maddie McGarvey/Bloomberg News)

Lordstown Motors Corp., the electric-truck startup formed specifically to save a shuttered Ohio car factory, has acquired the highly politicized plant from General Motors Co.

David Welch | Bloomberg News
November 7, 2019

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