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Workhorse Group Inc. (WKHS)

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Last Post: 10/17/2017 12:57:55 PM - Followers: 27 - Board type: Free - Posts Today: 0

Workhorse Group Inc. designs, manufactures, and builds battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company also develops cloud-based and real-time telematics performance monitoring system that enables fleet operators to optimize energy and route efficiency. Its products include medium duty step vans, light duty pickups, delivery drones, and manned multicopters. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.

AMP Electric Vehicles was established in 2007 as a developmental-stage vehicle electrification company. We first experimented with adding battery-electric power to two-seat roadsters. 

In 2009/2010, Progressive Insurance sponsored a rigorous nation-wide competition for clean, “production-capable” vehicles. Our 100% electric GM Sky was the only mass-produced vehicle in the competition. All other vehicles were primarily prototypes or concept vehicles not suitable for driving on public roads. We were one of eight finalists in the Side-by-Side seating category. Our Sky achieved four times the fuel efficiency of an internal combustion equivalent with zero emissions (96 MPGe vs.19/24 city/highway for ICE version). 

We followed the electrification of the Sky Roadster with the design and implementation of systems capable of powering larger vehicles. This led to the creation of electrification packages for the Chevrolet Equinox SUV, the Jeep Grand Cherokee and the Mercedes Benz ML350. These development activities resulted in the successful execution of the concept for SUVs. 

AMP Electric Vehicles went public in 2010 trading on the OTC market under the AMPD symbol. When the economic benefits of conversion became less certain, we pivoted away from passenger vehicles and began to focus on electrifying commercial vehicles. This led to a development agreement with Navistar, a major U.S. truck OEM. Under the development agreement, the initial project was to re-power a 1,000 cubic foot delivery van. 

The first vehicle was delivered to them in August of 2012 and successfully passed Navistar’s requirements and performance test. Navistar’s top management changed at precisely the same time the project vehicle passed its performance test and Navistar tabled the electrification project. They did however, introduce us to their client and AMP began to work directly with the end-user. As part of the end-user’s requirement, the battery-electric test truck successfully passed a 4,000-mile durability test at TRC, Inc.’s automotive test facility in East Liberty, OH. 

AMP acquired the Workhorse brand and the Workhorse Custom Chassis assembly plant in Union City, IN in March of 2015. The asset acquisition made the company an OEM and enables the company to manufacture new, medium-duty truck chassis in the 14,500 to 23,500 GVW class. 

In addition to the plant assets, our exclusive arrangement with UpTime Parts, Inc. for logistical and spare parts support and our 400+ network of dealers provides AMP with unequaled nationwide support for our vehicles. 

In March of 2015, AMP formally changed its name to Workhorse Group Incorporated (NASDAQ: WKHS).


***Latest News***

Workhorse to Exhibit W-15 Electric Pickup Truck at the National Drive Electric Week™ Event in Cincinnati Sept. 9

PR NewswireSeptember 6, 2017

CINCINNATI, Sept. 6, 2017 /PRNewswire/ -- Workhorse Group Inc. (WKHS), a Cincinnati-based technology company focused on providing electric mobility solutions to the transportation sector, today announced that it will exhibit the new W-15 electric range-extended pickup truck at the National Drive Electric Week™ event at Cincinnati's Tri-County Mall on September 9. The truck will be on display and available for test drives from 10:00 a.m. to 3:00 p.m.

TM4 receives follow-on order from Workhorse for more than 500 SUMO powertrain systems

PR NewswireAugust 22, 2017

BOUCHERVILLE, QC, Aug. 22, 2017 /PRNewswire/ - TM4 Inc. today announced that it has received a new purchase order from Workhorse Group Inc. (NASDAQ: WKHS) that covers the supply of SUMOTM MD powertrain systems for the E-GEN battery-electric extended range and E-100 all-electric delivery truck platforms. Following last year's supply of 150 systems, this order will fulfill Workhorse's near-term powertrain requirements for the supply of more than 500 of E-GEN and E-100 delivery trucks to customers, which include UPS, FedEx Express and through Workhorse's channel partner Ryder Inc.

To view all news, please CLICK HERE


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WKHS News: W.B. Mason Unveils First All-Electric Workhorse Delivery Truck 10/17/2017 09:00:00 AM
WKHS News: Statement of Changes in Beneficial Ownership (4) 10/05/2017 05:06:42 PM
WKHS News: Amended Statement of Beneficial Ownership (sc 13d/a) 10/05/2017 05:04:54 PM
WKHS News: Current Report Filing (8-k) 10/05/2017 11:53:31 AM
WKHS News: Workhorse Group Inc. Presents New Low Floor Delivery Platform Chassis at Post-Expo 2017 09/21/2017 08:00:00 AM
#379   COO Duane Hughes got back to me. JFBroderick 10/17/17 12:57:55 PM
#378   Well, judging by their (Spartan Motors) plan for JFBroderick 10/17/17 11:23:24 AM
#377   Why did Spartan Motors breakout upwards on the Damistep 10/17/17 06:44:03 AM
#376   Please do. I e-mailed and Tony JFBroderick 10/16/17 11:40:37 AM
#375   Maybe I'll send them an email as well.......'concerned GolfFishSurf 10/16/17 11:34:51 AM
#374   Yea. I just e-mailed the company this JFBroderick 10/16/17 11:18:29 AM
#373   Wow, this is starting to hurt big time. GolfFishSurf 10/16/17 11:11:52 AM
#372 JFBroderick 10/11/17 02:10:21 PM
#371   Still nothing. I just sent a follow-up JFBroderick 10/11/17 10:57:00 AM
#370   Hmmm, hopefully they reply promptly. With PLUG, FCEL, GolfFishSurf 10/10/17 01:45:07 PM
#369   I'm really not sure. E-mailed them yesterday. JFBroderick 10/10/17 12:07:09 PM
#368   Why tanking so hard yesterday and today? GolfFishSurf 10/10/17 10:54:02 AM
#367   What did you ask him Rogerthat1 09/28/17 02:12:27 AM
#366   Did shitty financing recently. Killed the momo Rogerthat1 09/28/17 02:11:40 AM
#365   Hmm don't suppose this has anything to do uksausage 09/27/17 07:55:19 AM
#364   Volume is low, trading thin. nickyds 09/27/17 01:29:57 AM
#363   Don't know why. It was over $4 not GolfFishSurf 09/26/17 04:10:10 PM
#362   Any insights why this stock is tanking? nickyds 09/26/17 12:36:39 PM
#361   do you mean UPS or USPS? uksausage 09/20/17 12:27:37 PM
#360   Workhorse HorseFly™ Drone Package Delivery System Stars in JFBroderick 09/20/17 11:41:36 AM
#359   I hate to see this in a slump JFBroderick 09/20/17 11:40:31 AM
#358   Had a convo with CFO yesterday. He's JFBroderick 09/20/17 11:35:48 AM
#357   this company has either idiots running it, -BOOM- 09/20/17 09:53:48 AM
#356   accumulation is good -BOOM- 09/18/17 02:07:34 PM
#355   Almost the same action as Friday. How JFBroderick 09/18/17 12:09:14 PM
#354   lots of nervous traders/investors selling and buying back.. -BOOM- 09/15/17 02:15:04 PM
#353   Not so sure how so many shares are JFBroderick 09/15/17 01:32:52 PM
#352   me too -BOOM- 09/15/17 11:59:10 AM
#351   They will buy back by EOD. The JFBroderick 09/15/17 11:45:56 AM
#350   very tight range today high of 2.83 low -BOOM- 09/15/17 11:37:33 AM
#349   I'm traveling at the moment. What's on JFBroderick 09/15/17 11:26:25 AM
#348   I did. I'm guessing we see a JFBroderick 09/15/17 11:19:30 AM
#347   i added 5k more too... its only money lol -BOOM- 09/15/17 10:38:10 AM
#346   Adding. $$! JFBroderick 09/15/17 10:33:17 AM
#345   bottom is in imo -BOOM- 09/15/17 10:14:45 AM
#344   Did you see the news about the warrants? FUSE 09/15/17 10:02:24 AM
#343   71,000 shares on his at 2.78 JFBroderick 09/15/17 09:47:02 AM
#342   i pretty much doubled up... i think in -BOOM- 09/14/17 02:25:02 PM
#341   That makes sense. I'm only down about JFBroderick 09/14/17 02:06:49 PM
#340   keep us posted please!! -BOOM- 09/14/17 02:04:32 PM
#339   Yea. They definitely didn't do this the JFBroderick 09/14/17 01:36:48 PM
#338   So this run was to sell shares ouch. Rogerthat1 09/14/17 01:06:28 PM
#337   i cant see how if they have an -BOOM- 09/14/17 01:01:39 PM
#336   I'm already 20 into it and am definitely JFBroderick 09/14/17 12:53:25 PM
#335   i just added a boatload this is ridiculous -BOOM- 09/14/17 12:39:56 PM
#334   well the exercise pps is $3.80 so thats -BOOM- 09/14/17 11:15:00 AM
#333   Wow, this is crazy. JFBroderick 09/14/17 10:06:36 AM
#332   Yikes. What in the world is up JFBroderick 09/14/17 09:39:15 AM
#331   Nice work! FUSE 09/13/17 12:17:22 PM
#330   Then 10.00 starkd748 09/12/17 03:50:23 PM