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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).


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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


Workhorse Group Inc. (NASDAQ:WKHS)
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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



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 -

$WKHS https://www.otcmarkets.com/stock/WKHS/disclosure
Aug-03-20 04:52PM  






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WKHS News: Workhorse Group Q1 2021 Earnings Preview 05/07/2021 02:37:29 PM
WKHS News: Workhorse Partners with Coulomb Solutions to Supply its CATL Battery System 05/05/2021 08:30:00 AM
WKHS News: Workhorse Group Sets First Quarter 2021 Earnings Call for Monday, May 10, 2021 at 10:00 a.m. ET 04/27/2021 08:30:00 AM
WKHS News: Current Report Filing (8-k) 04/26/2021 08:31:40 AM
WKHS News: Workhorse Appoints Ryan Gaul as President of Commercial Vehicles 04/26/2021 08:30:00 AM
#7383   ... lol ... $WKHS #WeLOOTING @LaughinPaulRyan 05/06/21 12:59:46 PM
#7382   The SP keeps going down and I Munchy 05/06/21 12:32:40 PM
#7381   Workhorse Group, Inc. on Roth Capital Partners list dj4321 05/06/21 09:57:38 AM
#7380   What is the significance of the class action lawsuit? bubba03 05/05/21 02:12:16 PM
#7379   Looking for a bump up as we move Songbrd001 05/05/21 11:19:31 AM
#7378   Looking good.. Dennisb68 05/05/21 09:33:33 AM
#7377   Again today 150,587 shares Munchy 05/03/21 04:02:20 PM
#7376   www.stockscores.com/chart.asp?TickerSymbol=WKHS&TimeRange=180&Interval=d& mick 05/02/21 08:00:06 PM
#7375   Another big trade at the close. It Munchy 04/30/21 04:05:30 PM
#7374   Nice little turn around Munchy 04/30/21 12:30:45 PM
#7373   Yes, slight numbers of vehicles are being produced Ambro24 04/29/21 04:46:28 PM
#7372   WKHS is putting out products just not telling us. uksausage 04/29/21 03:16:05 PM
#7371   I'll wait 'til Monday May 10th to make Munchy 04/29/21 08:23:45 AM
#7370   Can we at least admit this stock has Ambro24 04/28/21 05:29:37 PM
#7369   Another big trade at the close. Munchy 04/28/21 04:03:00 PM
#7368   Appears to be a sell roaddog71291 04/27/21 04:21:27 PM
#7367   Another big trade at the close!!!!!!!!!!!!!!!!!!!!! Munchy 04/27/21 04:02:29 PM
#7366   Really doesn’t matter to me, because it’s a roaddog71291 04/26/21 05:28:49 PM
#7365   Yup!! Up another 55 cents.. Dennisb68 04/26/21 04:23:01 PM
#7364   And again today!!!!!!!!!!!!!!!!! Munchy 04/26/21 04:02:07 PM
#7363   Well Good Luck with That !! Cjski68 04/26/21 08:35:51 AM
#7362   Not a hugge today but it was a Dennisb68 04/23/21 06:03:49 PM
#7361   Another BIG trade at the close. Munchy 04/22/21 04:04:38 PM
#7360   LOL, UP SHE GOES AGAIN !!! And on Dennisb68 04/22/21 04:04:10 PM
#7359   Panic selling on increased capital Munchy 04/22/21 02:49:14 PM
#7358   Garbage would be a Huge Understatemnet !!! Cjski68 04/22/21 01:56:31 PM
#7357   Cant help but LAUGH !!!!! Cjski68 04/22/21 01:55:34 PM
#7356   Try Standing on your head ! then it Cjski68 04/22/21 10:23:08 AM
#7355   Dont be so Sure ! Yet Cjski68 04/22/21 06:10:37 AM
#7354   LOL... UP SHE GOES !! Dennisb68 04/21/21 08:13:33 PM
#7353   Can you say------ Munchy 04/21/21 10:25:29 AM
#7352   Ba ha ha ha ha Cjski68 04/20/21 11:38:51 AM
#7351   LOL ...Down she goes !! Cjski68 04/20/21 11:38:18 AM
#7350   What did you Expect to happen after idiot Cjski68 04/20/21 11:37:33 AM
#7349   Had nothing to do with being an elec. Dennisb68 04/19/21 04:06:24 PM
#7348   well that was short lived rooscogburn 04/19/21 11:12:07 AM
#7347   Workhorse Group Inc (WKHS) mick 04/18/21 02:05:25 PM
#7346   Whoever did got it wrong. Again. Traded near Dennisb68 04/16/21 05:56:03 PM
#7345   * * $WKHS Video Chart 04-16-2021 * * ClayTrader 04/16/21 05:31:25 PM
#7344   SP up on record volume. Munchy 04/16/21 03:14:15 PM
#7343   Workhorse Group, Inc., Roth’s list of analyst coverage dj4321 04/16/21 10:35:01 AM
#7342   As Mr. "T" would say "I pity the Munchy 04/16/21 10:32:54 AM
#7341   Workhorse Group edges higher after B Riley upgrades Dennisb68 04/16/21 09:24:20 AM
#7340   Wow ! Almost back to 10s ! Whoever Cjski68 04/15/21 12:45:15 PM
#7339   Ba ha ha ha ha ha ha ha Cjski68 04/15/21 10:04:26 AM
#7338   Oh my God ....It's going DOWN !!! Cjski68 04/15/21 09:32:03 AM
#7337   Ba ha ha ha !! Nice TRY Cjski68 04/14/21 10:33:47 AM
#7336   Come On ! you didnt Really believe it Cjski68 04/14/21 10:33:17 AM
#7335   Seems Cathie Woods bought more shares.. 1.4 million more! Dennisb68 04/13/21 03:31:15 PM
#7334   Actually it's up 79 cents currently. Dennisb68 04/13/21 03:19:33 PM
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