Workhorse Group
COVID-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, 2019Taking in Just $70 a Day, Lordstown GM Plant Savior Workhorse Is in Trouble
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, 2019Workhorse Spins Off Helicopter Unit, Keeps Delivery Drone
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, 2018Workhorse 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, 2017Workhorse Provides Brinks With Class 5 Electrified Trucks
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, 2017Workhorse 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