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Workhorse Group Inc. (WKHS)

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Last Post: 11/16/2017 1:53:17 PM - Followers: 25 - 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 Announces First Manned Flight of SureFly™ Electric Hybrid Octocopter 11/16/2017 11:57:00 AM
WKHS News: Statement of Beneficial Ownership (sc 13d) 11/13/2017 08:31:52 AM
WKHS News: Workhorse Group CEO to Speak at Goldman Sachs Industrials Conference 2017 11/09/2017 12:59:00 PM
WKHS News: Quarterly Report (10-q) 11/07/2017 09:23:10 AM
WKHS News: Workhorse Optimizes Last-Mile Delivery with New N-Gen Electric Van Featuring Integrated HorseFly Package Delivery Drone 11/07/2017 09:00:00 AM
#429   NEWS! Workhorse Announces First Manned Flight of SureFly™ JFBroderick 11/16/17 01:53:17 PM
#428   this stock seem more jiggy today than usual... SIIX 11/15/17 03:39:34 PM
#427   i missed that ..thanks SIIX 11/15/17 10:40:10 AM
#426   Old news but it's got people thinking. This observer21 11/15/17 10:40:07 AM
#425   300 million in preorders did it for me. Alpert 11/15/17 10:39:11 AM
#424   Maybe but this stock is sure acting like SIIX 11/15/17 10:31:06 AM
#423   Perhaps the result of the Goldman Sachs presentation? JFBroderick 11/15/17 10:29:05 AM
#422   something is up..and i think its big.. the SIIX 11/15/17 10:25:46 AM
#421   Indeed. I just checked up on it JFBroderick 11/15/17 10:24:33 AM
#420   volume surge here..interesting SIIX 11/15/17 10:21:18 AM
#419   Somebody keeps mopping up the 2.90's! observer21 11/14/17 02:05:45 PM
#418 thumper15 11/14/17 12:14:18 PM
#417   CEO Steve Burns will participate in a panel discussion on JFBroderick 11/14/17 07:44:17 AM
#416   Amazing movie. Looks like a little premarket JFBroderick 11/14/17 07:40:37 AM
#415   You see wolf of Wall Street? Steve Madden Damistep 11/13/17 05:21:21 PM
#414   Yes, read it. 64 E-Gen's already done in GolfFishSurf 11/13/17 11:05:18 AM
#413   Perhaps the earnings call/transcript sparked some institutional attention/intere JFBroderick 11/13/17 10:47:23 AM
#412   Definitely worth that $3.75 - $4.50+ price range, GolfFishSurf 11/13/17 10:45:01 AM
#411   Holy s**t. +12.41%% JFBroderick 11/13/17 10:38:21 AM
#410   Maybe we're starting to see some positive PPS GolfFishSurf 11/13/17 10:34:49 AM
#409   +7.29% Perhaps the USPS testing is going well? JFBroderick 11/13/17 10:34:38 AM
#408   Earnings call transcript is out. Long but JFBroderick 11/12/17 11:50:26 AM
#407   Workhorse Group CEO to Speak at Goldman Sachs JFBroderick 11/09/17 02:07:53 PM
#406   I have my facts straight thank you - uksausage 11/08/17 03:24:14 PM
#405   Did you even read the quarterly??? Anticipating JFBroderick 11/08/17 02:40:01 PM
#404   Workhorse is 1 of 5 remaining finalists chosen JFBroderick 11/08/17 02:32:10 PM
#403   very old news and your comprehension needs improvement uksausage 11/08/17 02:19:49 PM
#402   Workhorse, with our partner VT Hackney, is one JFBroderick 11/08/17 01:49:30 PM
#401   Quarterly came out yesterday. JFBroderick 11/08/17 01:36:09 PM
#400   Is there news out? observer21 11/08/17 12:47:07 PM
#399   Healthy skepticism. That said, technically this is still observer21 11/07/17 06:24:23 PM
#398   And....what's the reason this didn't shoot over $3 GolfFishSurf 11/07/17 11:11:34 AM
#397   This is not at all concerning. Ryder JFBroderick 11/03/17 08:04:40 AM
#396   Read that Ryder added 125 electric vans but Rogerthat1 11/03/17 12:26:13 AM
#395   Shorts might take advantage of this today. JFBroderick 11/02/17 09:54:30 AM
#394   Exactly. The fact that the wkhs vehicle JFBroderick 11/02/17 09:51:16 AM
#393   Its not part of the contract. A Damistep 11/02/17 09:46:26 AM
#392   posted to web 9 min ago Damistep 11/02/17 09:44:27 AM
#391   I don't believe this was part of the Damistep 11/02/17 09:41:10 AM
#390   2000 is approx 1.5% of the USPS fleet. JFBroderick 11/02/17 09:37:56 AM
#389   I believe USPS has around 190,000 vehicles. JFBroderick 11/02/17 09:35:34 AM
#388   Yea. I'm thoroughly confused by all this. JFBroderick 11/02/17 09:21:10 AM
#387 Damistep 11/02/17 06:55:48 AM
#386   Yeah. Workhorse is a dead horse now imo. Rogerthat1 11/02/17 12:21:15 AM
#385   Interesting article. 2000 trucks is a large order, Sixman 11/02/17 12:10:14 AM
#384   FYI. nickyds 10/31/17 09:33:31 PM
#383   We've seen the Workhorse submission but (to your JFBroderick 10/29/17 11:57:08 AM
#382   It was my understanding Spartan withdrew a while Damistep 10/29/17 10:13:47 AM
#381   The volume is very low. Not much JFBroderick 10/27/17 11:39:52 AM
#380   i wish this stock would go up and SIIX 10/26/17 01:25:24 AM