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Workhorse Group Inc. (WKHS)

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Last Post: 10/19/2019 1:09:33 PM - Followers: 125 - 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).


Since 1997 W.B. Mason has provided industry-leading
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***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


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WKHS News: Workhorse Partners with USOG to Launch Pilot Programs for Drone Delivery of Medical Supplies 10/08/2019 08:00:00 AM
WKHS News: Current Report Filing (8-k) 10/07/2019 04:31:46 PM
WKHS News: Notice of Effectiveness (effect) 09/23/2019 06:33:18 AM
WKHS News: Workhorse to Present at the 8th Annual Gateway Conference on September 5, 2019 08/26/2019 08:00:00 AM
WKHS News: Current Report Filing (8-k) 08/16/2019 04:35:28 PM
#4272  Sticky Note New: Consortium Looks to Turn GM Lordstown trustbutverifyit 09/26/19 02:14:44 PM
#3991  Sticky Note ~~~***((( WORKHORSE GROUP INVESTOR PRESENTATION APRIL 2019 )))***~~~ [ blanka 08/21/19 09:18:16 AM
#3719  Sticky Note WOW This is Good!!! State senators confident in blanka 08/02/19 11:03:56 PM
#1412  Sticky Note WKHS, WorkHorse: "Tesla of Trucks" ~ Blue ~ 05/13/19 04:44:37 PM
#4319   Stakes Remain High as UAW Begins Voting on trustbutverifyit 10/19/19 01:09:33 PM
#4318   Lordstown Motors hires ex-Tesla director to build electric trustbutverifyit 10/19/19 01:04:09 PM
#4317   looks like it is sell the news. jsc52033 10/18/19 03:33:38 PM
#4316   Great now they can get a federal loan jsc52033 10/18/19 09:38:56 AM
#4315   Yes- Lordstown Motors trustbutverifyit 10/17/19 08:09:45 PM
#4314   GM Still Plans to Sell Lordstown to EV trustbutverifyit 10/17/19 08:09:08 PM
#4313   Isn't Lordstown the partner with Workhorse? jsc52033 10/17/19 04:26:45 PM
#4312   https://www.cnbc.com/2019/10/17/gm-deal-with-uaw-includes-closing-three-us-plants-11000-ratification thumper15 10/17/19 03:54:41 PM
#4311   GM UAW Deal Announcement Expected Wednesday via The Hill https://www.google.com trustbutverifyit 10/16/19 11:49:42 AM
#4310   GM Strike Could End Today. Here’s What trustbutverifyit 10/16/19 11:45:25 AM
#4309   Finally, we should something next week I would pay in cash 10/15/19 04:55:34 PM
#4308   Strike should be over this Thursday. gm and dj1216 10/15/19 04:45:15 PM
#4307   WKHS back on the watchlist SmallCapStockGuy 10/13/19 05:20:09 PM
#4306   Mary Barra is holding a secret meeting with dj1216 10/10/19 05:07:54 PM
#4305   No problem! You may want to check out dj1216 10/10/19 04:57:02 AM
#4304   "USOG's vision is to enable nationwide medical deliveries tredenwater2 10/09/19 09:09:17 PM
#4303   Nice! Thanks for the info. trustbutverifyit 10/09/19 07:22:07 PM
#4302   "The Endurance" 250 miles on a single charge! dj1216 10/09/19 09:18:21 AM
#4301   I've been away from this name since the vici 10/09/19 01:33:03 AM
#4300   Generally speaking, the LLV's are pretty much used couchtater 10/08/19 09:04:20 PM
#4299   I live in a rural area. The trustbutverifyit 10/08/19 04:38:59 PM
#4298   * * $WKHS Video Chart 10-08-2019 * * ClayTrader 10/08/19 04:26:27 PM
#4297   But the W 15 can only go miles jsc52033 10/08/19 03:45:47 PM
#4296   Thank you so much bubba03 10/08/19 11:01:50 AM
#4295   Here’s the link about the USPS delay: https://www.google.com/amp/s/www.trucks.c trustbutverifyit 10/08/19 10:48:41 AM
#4294   I thought that the decision was to be bubba03 10/08/19 10:42:51 AM
#4293   If you are waiting on the USPS announcement, trustbutverifyit 10/08/19 10:41:24 AM
#4292   This is all great but still waiting on bubba03 10/08/19 10:40:02 AM
#4291   Today- partnership with USOG announced- see News tab. Launching trustbutverifyit 10/08/19 08:22:23 AM
#4290   Yes, the Horsefly has military and civilian applications. trustbutverifyit 10/08/19 07:09:53 AM
#4289   Thanks TBV and sorry for confusion! It will vici 10/08/19 02:08:16 AM
#4288   Hey Vici, was referring to the part of trustbutverifyit 10/07/19 09:47:04 PM
#4287   One correction Trustbutverify -- The JV is for vici 10/07/19 07:31:40 PM
#4286   8K out- see News tab. Surefly purchase, and a trustbutverifyit 10/07/19 04:53:27 PM
#4285   Latest: GM and UAW Near Deal to trustbutverifyit 10/06/19 03:22:23 AM
#4284   The gift that keeps on giving. chubbs27 10/02/19 02:31:08 PM
#4283   Fate of Lordstown Plant Unresolved as Contract Talks trustbutverifyit 10/01/19 07:03:17 PM
#4282   Today: UAW Submits Counter Offer to Comprehensive trustbutverifyit 10/01/19 06:54:03 PM
#4280   This board is for WKHS. Please post trustbutverifyit 10/01/19 10:16:50 AM
#4276   UAW Strike Against GM: The Basics, the Issues, trustbutverifyit 09/29/19 10:22:28 AM
#4275   $WKHS slowly creeping up higher. Nice powerbattles 09/27/19 02:07:18 PM
#4274   The horsey is a goin chubbs27 09/27/19 09:40:24 AM
#4273   This is actually kind of big, if you algenon 09/26/19 05:58:13 PM
#4272   New: Consortium Looks to Turn GM Lordstown trustbutverifyit 09/26/19 02:14:44 PM
#4271   New: GM and Union Could Reach a trustbutverifyit 09/26/19 02:06:20 PM
#4270   Hoping you are right. Both sides sounding trustbutverifyit 09/25/19 09:56:37 PM
#4269   A Final proposal presented to gm. uaw waiting dj1216 09/25/19 07:01:30 PM
#4268   New: Electric Truck Company Still Interested trustbutverifyit 09/25/19 06:40:59 AM
#4267   I'll probably reconsider buying in once it hits ReadyToRumble 09/24/19 02:48:37 PM
#4266   LOL Talk about timberrrrr. chubbs27 09/24/19 02:24:01 PM