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Workhorse Group Inc. (WKHS)

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Last Post: 11/14/2018 10:56:54 AM - Followers: 30 - 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: Current Report Filing (8-k) 11/13/2018 08:01:45 AM
WKHS News: Current Report Filing (8-k) 11/07/2018 08:11:48 AM
WKHS News: Quarterly Report (10-q) 11/07/2018 08:03:57 AM
WKHS News: Notice of Effectiveness (effect) 10/30/2018 06:01:50 AM
WKHS News: Workhorse Enters Into Initial Production of NGEN-1000 All-Electric Delivery Van 10/16/2018 08:00:00 AM
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#674   Sent to IR this morning. JFBroderick 11/14/18 10:56:54 AM
#673   Just can't figure this thing out...... GolfFishSurf 11/09/18 05:47:27 PM
#672   Even though the EPS was better than estimated, GolfFishSurf 11/07/18 01:50:04 PM
#671   the only bad thing the management has done uksausage 10/31/18 09:07:38 AM
#670   wow.. i have not looked at this stock SIIX 10/30/18 09:04:49 PM
#669   EPS for Q3 should be much better than GolfFishSurf 10/30/18 06:09:56 PM
#668   Yikes. What a mess. Bid support JFBroderick 10/30/18 12:07:52 PM
#667   Blood bath today with a prop up trade JFBroderick 10/24/18 04:34:27 PM
#666   Well, I think it's 90 days until they JFBroderick 10/24/18 10:11:37 AM
#665   Yeah, and the countdown to the number of GolfFishSurf 10/23/18 03:36:54 PM
#664   Doesn't NASDAQ require a $1 minimum pps? JFBroderick 10/22/18 10:25:10 AM
#663   If this goes down im doubling my position GemstonesRocker 10/19/18 05:35:42 PM
#662   I think it sounds good. Must have orders heyyou2 10/17/18 09:39:16 PM
#661   News out- see recent news on this platform. trustbutverifyit 10/16/18 08:49:36 AM
#660   Very interesting Joseph owns 15% JFBroderick 10/09/18 11:15:27 AM
#659   Strong close JFBroderick 10/02/18 04:24:06 PM
#658   Me neither. They blew past their original JFBroderick 10/02/18 03:29:22 PM
#657   I truly cannot believe that we have heard GolfFishSurf 10/02/18 03:27:06 PM
#656   When USPS finally announces the ngdv supplier it JFBroderick 10/02/18 02:13:12 PM
#655   It would be nice if this rallied a trustbutverifyit 10/02/18 01:57:37 PM
#654   Lots of buys today. JFBroderick 10/02/18 01:36:01 PM
#653   Unfortunately, it's just regarding a guy from the JFBroderick 10/02/18 12:15:29 PM
#652   News out under “Recent News” on this platform trustbutverifyit 10/01/18 05:30:55 PM
#651   And..... back down again today. -6.67%...... GolfFishSurf 09/10/18 03:06:50 PM
#650   Probably because "Workhorse to Present at the 7th JFBroderick 09/05/18 04:10:48 PM
#649   +15%....... GolfFishSurf 09/05/18 03:54:07 PM
#648   8/23/2018 Postal Service Prepares to Splash Out Big JFBroderick 09/05/18 01:01:23 PM
#647   I would take 5-10% increase daily with no GolfFishSurf 09/05/18 12:40:38 PM
#646   Up 10% on no news. Maybe we'll JFBroderick 09/05/18 12:21:23 PM
#645   True. The cash situation at the end of busterator 08/29/18 07:17:23 PM
#644   Been warning folks since early April. Had Plenty Rogerthat1 08/27/18 03:24:28 PM
#643   Ouch!! Where's that USPS when you need it?!!! GolfFishSurf 08/27/18 03:06:41 PM
#642   "You've got to know when to hold 'em..." busterator 08/24/18 04:07:34 PM
#641   Management is very concerned about share price. The busterator 08/24/18 04:03:14 PM
#640   Management doesn't seem to care about share price anymore. JFBroderick 08/23/18 07:14:07 AM
#639   Pretty quiet here lately.... is anyone worried about GolfFishSurf 08/22/18 06:57:02 PM
#638   If trader has fomo they would buy a Rogerthat1 08/18/18 05:52:10 PM
#637   104,800 share bid @ 1.13 JFBroderick 08/15/18 12:54:17 PM
#636   uiuiui, shit happens hu_bi 08/15/18 12:05:52 PM
#635   A new webdesign, the public offering closed, a hu_bi 08/14/18 10:48:05 AM
#634   Lots of FOMO holding at this point. JFBroderick 08/09/18 11:55:59 AM
#633   Got that wrong; closer to 40% dilution based busterator 08/08/18 03:31:00 PM
#632   Calculate minimum equity raise (more than required by Arosa) busterator 08/08/18 12:29:54 PM
#631   Horrifying 10Q. Liabilities rocketing up as payables increase busterator 08/07/18 09:22:59 AM
#630   Not the best sign when we drop 5% JFBroderick 08/06/18 03:45:21 PM
#629   Aaaaand..... another lovely reaction to the news. Does GolfFishSurf 07/31/18 04:11:31 PM
#628   lovely numbers indeed uksausage 07/30/18 10:46:24 AM
#627   NEWS - Great numbers here! JFBroderick 07/30/18 10:24:31 AM
#626   and all the other delivery companies. uksausage 07/25/18 08:21:36 AM
#625   With SF clearly busted USPS remains as sole possibility. busterator 07/25/18 07:03:17 AM