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Workhorse Group Inc. (WKHS)

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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).

 

Since 1997 W.B. Mason has provided industry-leading
same-day* delivery of business products.

https://www.prnewswire.com/news-releases/wb-mason-unveils-first-all-electric-workhorse-delivery-truck-300537924.html

NEWSROOM


***Latest News***
 

GM in Discussions with Cincinnati-Based Workhorse Group to Sell its Lordstown, Ohio, Complex

Date : 05/08/2019 @ 11:39AM
Source : PR Newswire (US)
Stock : Workhorse Grp., Inc. (WKHS)
Quote :  1.82  -0.23 (-11.22%) @ 4:15PM
 
 
 

GM in Discussions with Cincinnati-Based Workhorse Group to Sell its Lordstown, Ohio, Complex

 

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DETROIT, May 8, 2019 /PRNewswire/ -- General Motors Co. (NYSE: GM) said today it is in discussions with Workhorse Group Inc. (NASDAQ: WKHS) and an affiliated, newly formed entity to sell the company's Lordstown Complex in Lordstown, Ohio. The move has the potential to bring significant production and electric vehicle assembly jobs to the plant. Upon final agreement, the entity, led by Workhorse founder Steve Burns, would acquire the facility. Workhorse would hold a minority interest in the new entity.

"This potential agreement creates a positive outcome for all parties involved and will help solidify the leadership of Workhorse's role in the EV community," said Workhorse CEO Duane Hughes. 

Burns added, "The first vehicle we would plan to build if we were to purchase the Lordstown Complex would be a commercial electric pickup, blending Workhorse's technology with Lordstown's manufacturing expertise."

Since last November, GM has been in discussions with the UAW regarding the impact of changing market conditions on the Lordstown facility. These discussions will include this opportunity.

"We remain committed to growing manufacturing jobs in the U.S., including in Ohio, and we see this development as a potential win-win for everyone," said Mary Barra, GM chairman and CEO. "Workhorse has innovative technologies that could help preserve Lordstown's more than 50-year tradition of vehicle assembly work." 

Upon final agreement with all parties, work could begin immediately to prepare the facility for new production.

Today, GM also announced it is creating 450 new manufacturing jobs in Ohio at its facilities in Toledo, Moraine and Parma.

Workhorse Group Inc. (NASDAQ:WKHS) is a technology company focused on providing electric mobility solutions to the transportation sector. As an American original equipment manufacturer, we design and build high performance battery-electric vehicles including trucks and aircraft. Workhorse also develops cloud-based, real-time telematics performance monitoring systems that are fully integrated with our vehicles and enable fleet operators to optimize energy and route efficiency. All Workhorse vehicles are designed to make the movement of people and goods more efficient and less harmful to the environment. For additional information visit workhorse.com.

General Motors (NYSE:GM) is committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Cadillac, Chevrolet, Baojun, Buick, GMC, Holden and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, Maven, its personal mobility brand, and Cruise, its autonomous vehicle company, can be found at http://www.gm.com.

 

 

View original content:http://www.prnewswire.com/news-releases/gm-in-discussions-with-cincinnati-based-workhorse-group-to-sell-its-lordstown-ohio-complex-300846478.html

SOURCE General Motors

Copyright 2019 PR Newswire

To view all news, please CLICK HERE

A battery-electric truck from VT Hackney and its partner Workhorse Group is one of the prototypes in the running for the next USPS mail truck contract.

 

UPS is building its own fleet of electric delivery trucks

Partnering with truck maker Workhorse

https://www.theverge.com/2018/2/22/17040180/ups-electric-delivery-trucks


 
 



https://finviz.com/quote.ashx?t=WKHS
Shs Outstand 68.47M
 
Shs Float 58.50M
 
 
Short Float 33.60%
 
Insider Own 6.40%
 
 
Insider Trans -22.68%
 
 
 
Inst Own 26.00%
 
Debt/Eq   NO DEBT -




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WKHS News: Statement of Changes in Beneficial Ownership (4) 11/25/2020 04:14:51 PM
WKHS News: Statement of Changes in Beneficial Ownership (4) 11/23/2020 05:16:00 PM
WKHS News: Statement of Changes in Beneficial Ownership (4) 11/18/2020 05:39:38 PM
WKHS News: Workhorse Group Reports Third Quarter 2020 Results 11/09/2020 09:00:00 AM
WKHS News: Current Report Filing (8-k) 11/09/2020 08:54:44 AM
PostSubject
#6747   * * $WKHS Video Chart 12-03-2020 * * ClayTrader 12/03/20 06:31:18 PM
#6746   My bad. Workhorse owns 10% of RIDE. theSauceman 12/03/20 03:33:14 PM
#6745   Imagine if they actually did own 10% of GolfFishSurf 12/03/20 02:53:37 PM
#6744   not sure what you mean about 10% ownership uksausage 12/03/20 12:24:22 PM
#6743   What I see here is an investment in theSauceman 12/03/20 10:51:37 AM
#6742   https://youtu.be/rJ1Rf3tde5U.... time to buy more FLY HIGH NOW 12/03/20 09:09:06 AM
#6740   https://twitter.com/workhorse_group/status/1334261012577579016?s=21 JEvans1 12/02/20 08:44:48 PM
#6739   * * $WKHS Video Chart 12-02-2020 * * ClayTrader 12/02/20 03:58:04 PM
#6738   Dan the gap which should now fill is jsc52033 12/02/20 11:15:11 AM
#6737   Lol is that what it is? How about Ebus43 12/02/20 10:40:24 AM
#6736   $20 looking decently strong this morning....... thought it GolfFishSurf 12/02/20 10:03:57 AM
#6735   We're getting rid of WEAK hands today. Munchy 12/02/20 09:55:46 AM
#6734   https://investorplace.com/2020/12/as-orders-build-workhorse-group-wkhs-stock-wil FLY HIGH NOW 12/02/20 09:19:24 AM
#6733   We are too. That leaves more for those holding. Dennisb68 12/02/20 09:17:34 AM
#6732   Oops it's only down 22%. Haha. Any company Moonboy1 12/02/20 06:48:35 AM
#6731   Recent Headline: Workhorse Shares Fall On Delayed USPS SilverKnightLV 12/02/20 06:07:48 AM
#6730   $WKHS danti 12/02/20 12:42:06 AM
#6729   https://youtu.be/5z8lKMiEmyc.... good time to buy now FLY HIGH NOW 12/01/20 08:42:32 PM
#6728   I sold. I’ll buy again when it’s $15. DanT09 12/01/20 08:28:43 PM
#6727   Back to teen's.Another delay on the contract from Ralph11 12/01/20 07:34:28 PM
#6726   That may actually be a good buying opportunity. Dennisb68 12/01/20 07:29:07 PM
#6725   Boy this really sucks. But thanks for the post. Dennisb68 12/01/20 07:09:34 PM
#6724   Workhorse Shares Fall On Delayed USPS Mail Truck Decision danti 12/01/20 06:29:20 PM
#6723   Lock UP Expired cloudsky9 12/01/20 06:03:39 PM
#6722   I couldn't find any news. I'm gonna Munchy 12/01/20 05:59:47 PM
#6721   Is everyone gone now? Down $4 from GolfFishSurf 12/01/20 05:35:47 PM
#6720   * * $WKHS Video Chart 12-01-2020 * * ClayTrader 12/01/20 05:05:34 PM
#6719   https://youtu.be/Df7ZI4UqOWg?????? FLY HIGH NOW 12/01/20 12:50:21 PM
#6718   The "race" has been postponed due to Munchy 12/01/20 11:52:57 AM
#6717   Pretty big down day today. What gives? GolfFishSurf 11/30/20 03:58:49 PM
#6716   https://www.trucks.com/2020/11/23/electric-truck-fleets-to-accelerate-in-2021/?? FLY HIGH NOW 11/30/20 04:44:28 AM
#6715   Wkhs also has a percentage of Ride! Something trueblue 11/27/20 10:35:52 PM
#6714   * * $WKHS Video Chart 11-27-2020 * * ClayTrader 11/27/20 03:20:27 PM
#6713   they have backorder of over 1000 trucks so uksausage 11/27/20 10:25:13 AM
#6712   https://finance.yahoo.com/m/e044a236-b657-3548-a627-1142626f5583/these-ev-stocks FLY HIGH NOW 11/27/20 10:18:53 AM
#6711   Contract out! Just not for WKHS!-lol It’s amazing how long Ebus43 11/27/20 09:17:18 AM
#6710   https://fintel.io/so/us/wkhs????????? Many buys on Nov 25.... contract announce FLY HIGH NOW 11/27/20 02:26:47 AM
#6709   * * $WKHS Video Chart 11-25-2020 * * ClayTrader 11/25/20 03:56:58 PM
#6708   https://www.fool.com/investing/2020/11/18/why-general-motors-fuelcell-energy-and FLY HIGH NOW 11/25/20 01:18:57 PM
#6707   https://finance.yahoo.com/news/cramer-gives-opinion-workhorse-rackspace-12541505 FLY HIGH NOW 11/25/20 01:16:53 PM
#6706   https://finance.yahoo.com/m/b04d4b84-b26b-3caf-8cae-4a981727a939/why-workhorse-g FLY HIGH NOW 11/25/20 01:15:56 PM
#6705   https://finance.yahoo.com/m/fc4d5e70-4263-3497-a392-9e8127a87c1c/why-lordstown-m FLY HIGH NOW 11/25/20 12:42:34 PM
#6704   Biden has an czar to reduce our carbon slimhere 11/24/20 10:42:44 PM
#6703   Damn, I thought Workhorse threw a shoe this slimhere 11/24/20 10:36:21 PM
#6702   Broken record. Where’s the contract? WKHS has been Ebus43 11/24/20 06:11:09 PM
#6701   * * $WKHS Video Chart 11-24-2020 * * ClayTrader 11/24/20 05:26:35 PM
#6700   A small loss today but at one point Dennisb68 11/24/20 04:07:25 PM
#6699   https://api.wsj.net/api/kaavio/charts/big.chart?nosettings=1&symb=wkhs&uf=0&type=2& Bountiful_Harvest 11/24/20 11:08:26 AM
#6698   It we so close, even a photo finish Munchy 11/24/20 11:01:11 AM
#6697   Rewind, pre-market doesn’t count. However, USPS contract Pickles1109 11/24/20 09:10:35 AM
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