Workhorse Group
Oshkosh Acknowledged Weakness on EVs Before Win in Postal Deal
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.
March 10, 2021Workhorse Rises After Lawmaker Seeks Probe of Big Oshkosh Trade
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, 2021Workhorse Sees ‘Prolonged Process’ to Challenge USPS Action
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.
March 4, 2021Workhorse to Meet With USPS Over Truck Contract
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.
March 1, 2021Workhorse Passed Over as Oshkosh Wins USPS EV Contract
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.
February 24, 2021COVID-19 Jolts Workhorse Production; Year-Over-Year Losses Widen
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.
November 9, 2020Workhorse Falls on Short-Seller Claim It Misled Investors
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.
October 8, 2020Ryder Offers Workhorse Electric Step Van
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, 2020Workhorse Valued at $1 Billion
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.
June 30, 2020GM Sells Shuttered Lordstown, Ohio, Assembly Plant to Electric Vehicle Startup
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.
November 7, 2019