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Workhorse Group Inc. (WKHS)

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Last Post: 6/19/2018 5:58:01 PM - Followers: 28 - 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: Current Report Filing (8-k) 06/12/2018 04:34:53 PM
WKHS News: SureFly Hybrid Electric Manned Multi-Copter Enters FAA Type Certification Process 06/06/2018 08:00:00 AM
WKHS News: Current Report Filing (8-k) 06/04/2018 05:29:13 PM
WKHS News: Current Report Filing (8-k) 05/31/2018 08:31:35 AM
WKHS News: Workhorse W-15 Extended Range Electric Pickup Truck Begins Six-City East Coast Tour 05/24/2018 08:00:00 AM
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#595   How are shorts covering if prices still falling Rogerthat1 06/19/18 05:58:01 PM
#594   Are shorts eliminating positions prior to USPS news? JFBroderick 06/19/18 10:29:59 AM
#593   Any takers on how far down you think GolfFishSurf 06/18/18 06:27:09 PM
#592   This happens often in the stock market, great LessIsMore 06/15/18 01:58:25 PM
#591   It is a classic chicken and egg situation uksausage 06/15/18 11:24:09 AM
#590   Lots of positive chatter about the potential of LessIsMore 06/15/18 08:17:47 AM
#589   You know more about the co than I Rogerthat1 06/15/18 07:21:13 AM
#588   Isn't that article just essentially restating the company's JFBroderick 06/15/18 07:19:32 AM
#587   Thanks. Strong news indeed. Rogerthat1 06/14/18 06:37:44 PM
#586 ctb 06/14/18 04:27:25 PM
#585   Co running on fumes. Had told that if Rogerthat1 06/14/18 04:21:15 PM
#584   What the heck happened? GolfFishSurf 06/14/18 03:58:05 PM
#583   Been telling new folks here that this is Rogerthat1 06/12/18 07:53:52 PM
#582   Ouch. Tough news in the 8k today. Almost busterator 06/12/18 05:29:10 PM
#581   Down another 12¢ Rogerthat1 06/08/18 09:45:56 PM
#580   Told ya. Pennies and helipads don’t mix imo. Rogerthat1 06/05/18 04:38:44 PM
#579 JFBroderick 06/05/18 11:58:52 AM
#578   Now almost 8% down and huge volume already......... GolfFishSurf 06/05/18 11:09:40 AM
#577   Are insiders selling? 5% drop this morning JFBroderick 06/05/18 10:17:28 AM
#576   Closed red on the day. Rogerthat1 06/01/18 01:59:14 AM
#575   And.... then what happened? GolfFishSurf 05/31/18 06:59:02 PM
#574   wow an extension to the UPS contract and uksausage 05/31/18 09:57:27 AM
#573   Trading over 3$$ premarket 8k released JFBroderick 05/31/18 09:07:44 AM
#571   Been telling you. Nothings going to come of Rogerthat1 05/25/18 04:09:16 PM
#570   Ugliest 1/MO ever. JFBroderick 05/25/18 11:33:58 AM
#569   What I said. $WKHS Rogerthat1 05/14/18 06:11:35 PM
#568   Aaaaand.......just like that we're right back to where GolfFishSurf 05/14/18 02:50:59 PM
#567   EPS was close to estimate, and Sales was GolfFishSurf 05/10/18 11:53:44 AM
#566   Why in the world are we red on JFBroderick 05/09/18 10:07:46 AM
#565   The 1 mo is looking very healthy. JFBroderick 05/07/18 09:44:13 AM
#564   Yeah, I think some large blocks could help GolfFishSurf 05/04/18 11:42:03 AM
#563   I'm in agreement. It doesn't seem like JFBroderick 05/04/18 11:36:26 AM
#562   Positive news from USPS right now would generate GolfFishSurf 05/04/18 11:34:40 AM
#561   Judging by the 1/mo and 5-day, it looks JFBroderick 05/04/18 11:20:24 AM
#560   That's the best news I've heard all week!!!!! trustbutverifyit 05/03/18 11:45:20 AM
#559   5/3/2018 SUREFLY HAS TAKEN FLIGHT! JFBroderick 05/03/18 10:36:07 AM
#558 Plug Power (PLUG), Workho JFBroderick 05/01/18 08:21:42 AM
#557   Thanks for sharing this info! trustbutverifyit 04/30/18 09:00:35 PM
#556   CINCINNATI, April 30, 2018 /PRNewswire/ -- Workhorse Group Inc. JFBroderick 04/30/18 06:44:28 PM
#555   Lots of 30/70 trades eod. Would love trustbutverifyit 04/27/18 06:01:41 PM
#554   What’s up with the 1 and 2 trades today? trustbutverifyit 04/27/18 12:37:35 PM
#553   Quite the appealing 1/mo. When in JFBroderick 04/23/18 09:54:56 AM
#552   I was wondering the same thing......... GolfFishSurf 04/11/18 02:22:32 PM
#551   Who are you talking to?? JFBroderick 04/11/18 01:33:56 PM
#550   $WKHS penny stock wants to make helicopters and Rogerthat1 04/10/18 01:01:26 AM
#549   Yeah, I don't know who wouldn't be in GolfFishSurf 04/03/18 01:19:47 PM
#548   I'm more than bewildered at this point but JFBroderick 04/03/18 11:30:43 AM
#547   I am more than bewildered at this point. GolfFishSurf 04/03/18 10:15:13 AM
#546   I think you might be onto something. JFBroderick 04/03/18 09:54:02 AM
#545   Would terrible news make the PPS spike? As GolfFishSurf 03/28/18 03:11:28 PM