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Workhorse Group Inc. (WKHS)

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Last Post: 1/16/2018 5:00:14 PM - Followers: 26 - 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: Workhorse Receives FAA Certification for Test Flights of SureFly™ Electric Hybrid Helicopter 01/03/2018 09:15:00 AM
WKHS News: Current Report Filing (8-k) 12/27/2017 08:45:02 AM
WKHS News: Amended Statement of Beneficial Ownership (sc 13d/a) 12/18/2017 08:33:58 AM
WKHS News: Workhorse Group Inc. Announces Substantially Complete Status in Application for Department of Energy (DOE) Advanced Technolog... 12/11/2017 09:25:00 AM
WKHS News: New York FedEx Ground Independent Service Provider Adds Workhorse Electric Van to Fleet 12/07/2017 08:00:00 AM
#490   Agree, they are terrible at PR! nickyds 01/16/18 05:00:13 PM
#489   Downturn due to lack of CES follow-up IMO. RallyTheMarket 01/15/18 09:37:56 PM
#488   Yea. Really odd. Maybe just shorts JFBroderick 01/12/18 04:01:31 PM
#487   Crazy downturn on light volume today. GolfFishSurf 01/12/18 01:44:59 PM
#486   Decent support above $2.90. I messaged on JFBroderick 01/11/18 01:31:54 PM
#485   Test flight postponed due to weather. JFBroderick 01/09/18 01:26:20 PM
#484   I'm reallllly not minding out 5-day. JFBroderick 01/08/18 03:55:08 PM
#483   hope it is soaring like the stock uksausage 01/08/18 03:54:15 PM
#482   The SureFly should be up in the air JFBroderick 01/08/18 03:22:14 PM
#481   Looking good here. Let's hold above 3 JFBroderick 01/08/18 12:06:01 PM
#480   They need to get the attention of the MM’s nickyds 01/07/18 01:41:51 PM
#479   CES demonstration next week I know they are uksausage 01/05/18 04:31:16 PM
#478   WKHS needs some PR to get a liftoff nickyds 01/05/18 03:28:56 PM
#477   Decent close but it really needs to hold JFBroderick 01/03/18 04:46:19 PM
#476   So we got Lift Off, and now we GolfFishSurf 01/03/18 03:09:34 PM
#475   Workhorse Receives FAA Certification for Test Flights of JFBroderick 01/03/18 09:29:57 AM
#474   $2.94 premarket JFBroderick 01/03/18 08:22:11 AM
#473   I dont know. Been following for over a awusmc2178 01/02/18 06:24:01 PM
#472   $2.81 post market. JFBroderick 01/02/18 06:18:28 PM
#471   Is that what made it shoot up this afternoon? GolfFishSurf 01/02/18 04:05:18 PM
#470   Big announcement coming per tweet awusmc2178 01/02/18 03:47:45 PM
#469   Haven't seen that one yet, but in general rattlewatch 01/01/18 05:49:31 PM
#468   Following the first seeking alpha article written by JFBroderick 01/01/18 11:41:56 AM
#467   Hi JF, the % is decreasing, but the rattlewatch 12/29/17 03:54:38 PM
#466   Is it just me or is the short JFBroderick 12/29/17 10:34:55 AM
#465   The GlobeNewswire release yesterday says that Wkhs expects rattlewatch 12/28/17 06:57:16 PM
#464   I agree! It seems crazy not to JFBroderick 12/28/17 10:15:01 AM
#463   Definitely ! nickyds 12/27/17 01:39:24 PM
#462   Agree nickyds 12/27/17 01:38:24 PM
#461   Sell off with thin volume.... ugh! nickyds 12/27/17 01:38:03 PM
#460   At a strategic level it means that Workhorse uksausage 12/27/17 12:45:16 PM
#459   It means that I, for one, would like GolfFishSurf 12/27/17 11:44:40 AM
#458   What does today's news mean for investors? JFBroderick 12/27/17 09:38:00 AM
#457   It looks like the recent seeking alpha article JFBroderick 12/21/17 10:36:44 AM
#456   Anyone know why the pop? observer21 12/21/17 10:21:44 AM
#455   If you believe what Herman says on the observer21 12/19/17 12:02:14 PM
#454   What are your thoughts on the slow bleed JFBroderick 12/19/17 11:31:15 AM
#453   Brand new seeking alpha article is out slamming JFBroderick 12/14/17 09:52:46 AM
#452   I'm not seeing anything on their website regarding JFBroderick 12/11/17 12:16:40 PM
#451   Indeed. It says there are many more JFBroderick 12/11/17 11:07:25 AM
#450   great find uksausage 12/11/17 11:02:05 AM
#449   great find uksausage 12/11/17 11:02:05 AM
#448   Workhorse Group Inc. Announces Substantially Complete Status in JFBroderick 12/11/17 09:37:26 AM
#447 observer21 12/09/17 04:12:24 PM
#446   IPO/secondary share lockup period expirations: WKHS, December 13th. JFBroderick 12/09/17 08:59:56 AM
#445   Down a have to be kidding me. Damistep 12/07/17 01:45:04 PM
#444   News out today. Nothing big but good JFBroderick 12/07/17 10:29:23 AM
#443   what do you want confirmation of? uksausage 12/06/17 07:33:20 PM
#442   Link? observer21 12/06/17 05:51:19 PM
#441   IMHO climbing today on PLUG FedEx news which uksausage 12/06/17 02:59:32 PM