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Workhorse Group Inc. (WKHS)

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Last Post: 1/18/2019 1:34:57 PM - Followers: 34 - 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.
 
     
        COMPANY HISTORY

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).
 

NEWSROOM


***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.


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WKHS News: Statement of Ownership (sc 13g) 01/07/2019 04:51:52 PM
WKHS News: Initial Statement of Beneficial Ownership (3) 01/07/2019 04:49:17 PM
WKHS News: Current Report Filing (8-k) 01/02/2019 09:08:24 AM
WKHS News: Securities Registration Statement (simplified Form) (s-3) 12/26/2018 04:35:09 PM
WKHS News: Current Report Filing (8-k) 12/06/2018 05:02:55 PM
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#701   It’s about time! trustbutverifyit 01/18/19 01:34:57 PM
#700   This is so ridiculously bullish. JFBroderick 01/18/19 10:58:28 AM
#699   Good exposure.... https://cleantechnica.com/2019/01/12/a-conversation-with-work observer21 01/12/19 11:31:04 PM
#698   Good exposure.... https://cleantechnica.com/2019/01/12/a-conversation-with-work observer21 01/12/19 11:31:03 PM
#697   Hoping for something better today. I wonder trustbutverifyit 01/11/19 10:53:53 AM
#696   These EOD prop up trades make this look JFBroderick 01/10/19 05:08:40 PM
#695   Ditto here. trustbutverifyit 01/04/19 03:18:30 PM
#694   You and me both..... GolfFishSurf 01/04/19 01:36:53 PM
#693   Looks like we've got legs again! I'm JFBroderick 01/04/19 01:08:26 PM
#692   Finally, some good news. trustbutverifyit 01/02/19 02:24:45 PM
#691   Looks like the news was well-received. Long JFBroderick 01/02/19 12:45:17 PM
#690   this is great news. uksausage 01/02/19 10:53:22 AM
#689   Workhorse Group (NASDAQ:WKHS) says it closed a $35M JFBroderick 01/02/19 08:55:51 AM
#688   Perplexed....either "someone knows something" since the market is JFBroderick 12/20/18 01:36:22 PM
#687   And then a spike right now.... out of GolfFishSurf 12/20/18 12:03:57 PM
#686   Nasdaq deficient....... how far is this falling? Could GolfFishSurf 12/17/18 02:53:45 PM
#685   Re: I thought they were going to sell surefly busterator 12/11/18 04:46:50 PM
#684   Looks like it might be sold down to JFBroderick 12/04/18 01:23:22 PM
#683   There social media accts look brandy new GemstonesRocker 11/30/18 09:22:33 AM
#682   Apparently the whole world missed it, as there GolfFishSurf 11/29/18 05:56:01 PM
#681   Did I miss the quantum xyz news GemstonesRocker 11/29/18 05:23:26 PM
#680   They are. You're correct. Who knows, JFBroderick 11/27/18 03:28:37 PM
#679   I thought they were going to sell surefly GemstonesRocker 11/27/18 03:25:11 PM
#678   "Workhorse Group Inc. Signs Cooperative Research and Development JFBroderick 11/27/18 01:48:00 PM
#677   True. With no new guidance, can we assume GolfFishSurf 11/27/18 10:03:14 AM
#676   "Good to hear from you again.  Since our JFBroderick 11/27/18 09:48:15 AM
#675   Any reply to your email? GolfFishSurf 11/27/18 09:43:57 AM
#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
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