Workhorse Group

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
Government, Business, Logistics

Taking in Just $70 a Day, Lordstown GM Plant Savior Workhorse Is in Trouble

GM Maddie McGarvey/Bloomberg News

Now more than ever, Workhorse looks more like Lordstown’s lottery ticket than a savior to be taken seriously. While it’s hard to imagine at this juncture the company having the capital needed to get GM’s factory humming again, it has a ray of hope to point to: a potentially lucrative contract to build next-generation mail trucks for the U.S. Postal Service.

August 6, 2019
Business

Workhorse Spins Off Helicopter Unit, Keeps Delivery Drone

A Workhorse drone test Workhorse Group

Electric vehicle manufacturer Workhorse Group plans to gain about $5 million as it spins off its SureFly personal helicopter subsidiary into a separate publicly traded company and puts greater focus on its automotive and drone business.

January 3, 2018
Business

Workhorse Group Taps Gaitan, Rodriguez for Corporate Positions

Workhorse Group Inc. appointed Paul Gaitan chief financial officer, effective Aug. 9., and named Julio Rodriguez chief information officer.

August 11, 2017
Business, Technology

Workhorse Provides Brinks With Class 5 Electrified Trucks

Workhorse Workhorse Group Inc.

Workhorse Group Inc., a technology company focused on providing electric mobility solutions to the transportation sector, announced that The Brinks Co., a cash management services firm, has purchased two Workhorse Class 5 E-GEN and E-100 chassis, paired with a Brinks custom logistics b

August 7, 2017
Business

Workhorse Group’s Revenue Soars, Along With Cost of Sales

John Sommers II for Transport Topics

Electric vehicle manufacturer Workhorse Group Inc. reported higher first-quarter revenue yet remained unprofitable as cost of sales soared and operating expenses climbed by more than $1 million, compared with a year earlier.

May 12, 2017

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