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
Business

Workhorse Group Gets Funding for Operations, Truck Deliveries in 2016

Workhorse Group Inc., of Cincinnati, said it will use nearly $12 million from the sale of convertible notes and warrants to fund operations and begin deliveries of trucks to customers in early 2016.

December 11, 2015