Search Results Found For: "Workhorse"

Is Workhorse still in the game? Lawmakers investigate Oshkosh trades, introduce bill to fund US Postal Service electrification

EV advocates (and investors in WKHS stock) were shocked and disappointed by the US Postal Service’s recent decision to award a 10-year contract to Wisconsin-based Oshkosh Defense to manufacture a new generation of postal delivery vehicles. The Workhorse Group, which specializes in EVs designed for last-mile delivery, and counts UPS and FedEx Express among its… Read more »

Oshkosh beats Workhorse for USPS contract, new vehicles may use fossil fuel powertrains

After deliberating about a long-overdue modernization of its vehicle fleet for nearly a decade, the US Postal Service has awarded a 10-year contract to Wisconsin-based Oshkosh Defense to manufacture a new generation of postal delivery vehicles. Under the contract’s initial $482-million investment, Oshkosh will finalize the production design of the Next Generation Delivery Vehicle (NGDV),… Read more »

Workhorse receives order for 500 electric delivery trucks

Pritchard Companies, a commercial vehicle distributor that sells over 30,000 units annually to customers across all 50 states, has ordered 500 all-electric C-1000 delivery vehicles from electric truck maker Workhorse Group. (NASDAQ: WKHS). The vehicles will be distributed through Pritchard’s dealership locations across the country. Inventory financing will be provided by Workhorse’s financial partner Hitachi… Read more »

Ford says electric F-150 will be “a workhorse,” will begin production in mid-2022

Many believe the tipping point for EVs in the US will occur when a selection of electric pickup trucks hits the market. Now Ford, the prime purveyor of pickups, has announced that it is moving ahead with its plans to produce an electric version of the F-150, the nation’s bestselling vehicle. The Detroit Free Press… Read more »

Workhorse C-Series electric delivery trucks earn EPA Certificate of Conformity

Electric truck maker Workhorse Group (NASDAQ: WKHS) has been around for a while—Charged wrote about the company’s plug-in pickup back in 2017—and it continues to make steady progress. Now the company has announced that its new C-Series electric delivery trucks have each received an EPA Certificate of Conformity, confirming that the new vehicles conform to… Read more »

GM finalizes sale of Lordstown plant to Workhorse-affiliated EV builder

Well, what do you know! It appears the historic Lordstown deal is going to happen after all. Lordstown Motors (LMC) has formally announced its acquisition of the former GM manufacturing complex in Lordstown, Ohio. LMC, a spin-off of Workhorse Group (NASDAQ: WKHS), plans to begin production of an electric pickup at the Lordstown plant starting… Read more »

No, Workhorse hasn’t yet secured funding to buy GM’s Lordstown plant, but the deal is moving forward

For some time, Charged has followed the story of Workhorse Group, a Cincinnati-based company that has built a prototype electric pickup, has sold electric trucks to UPS and FedEx, and is in the running for a major contract to supply delivery trucks to the US Postal Service. Along with other observers of the EV scene,… Read more »

Is Workhorse’s deal to buy Lordstown plant from GM to build electric pickup too good to be true?

News travels by strange paths these days. The world first learned of a tentative deal for electric truck maker Workhorse to buy GM’s idled Lordstown, Ohio plant via a self-congratulatory tweet by the President of the US. If the deal goes through, it could be a win-win-win-win: Workhorse might receive a windfall like the one… Read more »

Electric truck maker Workhorse secures $35 million in new financing, works with Duke on battery leasing program

Workhorse Group (NASDAQ: WKHS), which manufactures electric delivery vans for UPS, FedEx and other fleet operators, has secured $35 million in new financing from Marathon Asset Management. Workhorse will use the proceeds to repay a July 2018 round of senior secured notes, and to acquire parts to fulfill customer orders. Marathon will provide the funds… Read more »

Workhorse starts production of light-weight electric delivery vehicle

Workhorse has begun initial production of a light-weight electric delivery vehicle, the Workhorse NGEN-1000. At 4,000 pounds and with up to 1,000 cubic feet of storage, the van’s weight is less than half that of conventional diesel step-vans with similar storage capacity. The vehicle will boast a 100-mile range, according to Workhorse, and come in four… Read more »