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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.



***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 Group Reports Fourth Quarter and Full Year 2019 Results 03/10/2020 09:00:00 AM
WKHS News: Workhorse Awarded ISO 9001:2015 Certification for Quality Management System 03/05/2020 08:00:00 AM
WKHS News: Workhorse C-Series Electric Delivery Trucks Receive EPA's Certificate of Conformity 03/03/2020 08:00:00 AM
WKHS News: Workhorse Group Sets Fourth Quarter and Full Year 2019 Earnings Call for Tuesday, March 10, 2020 at 10:00 a.m. ET 02/26/2020 04:05:00 PM
WKHS News: Workhorse Group to Unveil New C650 Electric Step Van at NTEA Work Truck Show 02/20/2020 08:00:00 AM
#4633   Vol up. SP up. Lets "plow" through $2 Munchy 04/09/20 01:14:47 PM
#4632   Yes you are correct that GM doesn't own MikeKato2002 03/29/20 08:37:02 AM
#4631   GM doesn't own Lordstown any more ..... uksausage 03/29/20 08:01:57 AM
#4630   Trump isn't going to relent on lambasting GM MikeKato2002 03/28/20 06:46:21 PM
#4629   I remember that. So someone thought Munchy 03/28/20 06:12:19 PM
#4628   The only thing I could find was TRUMP's PIGEON RIVER PROSPECTIN,TN 03/28/20 05:51:11 PM
#4627   We need the virus to end before we oilin07 03/27/20 07:37:58 PM
#4626   What was that sudden upward Munchy 03/27/20 03:16:01 PM
#4625   What's up besides Munchy 03/25/20 01:09:41 PM
#4624   Agreed!! tavito 03/22/20 09:45:08 PM
#4623   Look like it hit the bottom now. powerbattles 03/20/20 05:20:11 PM
#4622   Duane Hughes said they will produce 300-400 per jsc52033 03/13/20 10:48:27 AM
#4621   They expect to produce 300-400 vans this year, total. GolfFishSurf 03/12/20 05:39:28 PM
#4620   Work Horse set to begin production of C jsc52033 03/12/20 03:55:55 PM
#4619   Um, what just happened? $3K in sales? GolfFishSurf 03/12/20 12:02:19 PM
#4618   Come to poppa. chubbs27 03/11/20 11:26:21 AM
#4617   This would be a great day Munchy 03/10/20 08:48:45 AM
#4616   when is the date for the letting of jsc52033 03/09/20 02:35:25 PM
#4615   Waiting for 6 billion dollar contract deal. Hopefully powerbattles 03/06/20 08:49:49 AM
#4614   No trades for 20 min. Munchy 03/03/20 02:30:48 PM
#4613   NEWS -- Workhorse C-Series Electric Delivery Trucks Receive Paulness 03/03/20 08:25:14 AM
#4612   No worries! trustbutverifyit 02/29/20 11:05:33 AM
#4611   Thank you for the response. Sorry, hadn't logged JoeG 02/29/20 10:12:03 AM
#4610   Trading slowed to a slow walk this afternoon Munchy 02/26/20 03:11:11 PM
#4609   Praying for that k-shyne 02/26/20 12:49:42 AM
#4608   Options are calling for $5.00 by July Munchy 02/20/20 01:02:14 PM
#4607   Workhorse prancing like a Clydsdale now Munchy 02/20/20 12:56:05 PM
#4606   Do we reach $4+ and continue building with GolfFishSurf 02/20/20 12:45:23 PM
#4605   what is the special meeting they are calling? jsc52033 02/20/20 09:45:17 AM
#4604   Big chunks were bought at and around $3.50 Munchy 02/19/20 03:07:57 PM
#4603   Giddyup!!!!!!!!!!!!! Munchy 02/19/20 12:28:43 PM
#4602   Just because it's Valentine's Day doesn't mean we GolfFishSurf 02/14/20 03:35:50 PM
#4601   * * $WKHS Video Chart 02-13-2020 * * ClayTrader 02/13/20 04:33:04 PM
#4600   Chugga Chugga Chugga Munchy 02/13/20 01:37:19 PM
#4599   Another nice up day. Two in a row Munchy 02/11/20 04:05:15 PM
#4598   Big things are coming! TableforOne 02/11/20 10:14:32 AM
#4597   Up big on no news! HMMMM Munchy 02/10/20 04:05:44 PM
#4596   Thank you. I sold most of my premarket powerbattles 02/04/20 09:11:10 AM
#4595   I bought this stock when you alerted at bubba03 02/04/20 09:03:33 AM
#4594   Agreed that is the news everyone is waiting for. powerbattles 02/03/20 06:46:11 PM
#4593   * * $WKHS Video Chart 01-31-2020 * * ClayTrader 01/31/20 05:24:45 PM
#4592   they will be manufactured in the US - uksausage 01/31/20 01:18:21 PM
#4591   BTIG recommends WKHS $6PT nbm16yankees 01/31/20 03:14:13 AM
#4590   why would ups want to import trucks which jsc52033 01/30/20 06:19:25 PM
#4589   USPS contact is what we are waiting for cassarizona 01/30/20 02:40:17 PM
#4588   The USPS deal is still out there. micar 01/30/20 11:27:45 AM
#4587   UPS They place the orders tested with many powerbattles 01/30/20 09:14:33 AM
#4586   Yeah Bad news today... https://www.bing.com/amp/s/news.yahoo.com/amphtml/2020-0 blanka 01/30/20 08:53:12 AM
#4585   Bad News (Short now) https://www.bing.com/amp/s/www.cnbc.com/amp/2020/01/29/ups blanka 01/30/20 08:52:15 AM
#4584   You know when a co's not doing well dj1216 01/30/20 02:35:01 AM