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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: GM in Discussions with Cincinnati-Based Workhorse Group to Sell its Lordstown, Ohio, Complex 05/08/2019 12:39:00 PM
WKHS News: Quarterly Report (10-q) 05/07/2019 08:38:03 AM
WKHS News: Current Report Filing (8-k) 05/07/2019 08:31:36 AM
WKHS News: Workhorse Group Reports First Quarter 2019 Results 05/07/2019 08:31:00 AM
WKHS News: Current Report Filing (8-k) 04/30/2019 05:32:02 PM
PlusOneCoin Top Posts
#1519   $WKHS Golden Cross 136 05/17/19 01:47:47 AM
#1358   No they won't do a 100% buyout the powerbattles 05/12/19 07:38:27 PM
#1412  Sticky Note WKHS, WorkHorse: "Tesla of Trucks" ~ Blue ~ 05/13/19 04:44:37 PM
#1567   Understood. I looked at the buy from two Thrifty123 05/19/19 01:00:11 PM
#1566   Ya I looked at the chart no thanks upper11 05/19/19 12:44:06 PM
#1565   Flipped it right after the notorious tweet, just Thrifty123 05/19/19 12:22:19 PM
#1564   That’s a big gap upper11 05/19/19 11:40:55 AM
#1563   How long have you been in this thrifty ? upper11 05/19/19 11:40:07 AM
#1562   Nice GC #Bullish $WKHS Thrifty123 05/19/19 10:41:16 AM
#1561   https://stockcharts.com/h-sc/ui?s=WKHS knrorrel 05/19/19 02:44:55 AM
#1560   DHL The company is much larger than USPS. powerbattles 05/18/19 12:54:14 PM
#1559   $WKHS Expected SI pull back to support level, Thrifty123 05/18/19 10:56:41 AM
#1558  Restored This turned out to be a $hit $how @__FREEMONEY 05/18/19 09:56:05 AM
#1556   OLD, BUT COOL.. https://www.youtube.com/watch?v=2suoa8Afj40 INTHEKNOW1 05/18/19 07:24:25 AM
#1554   WOW! OUTSTANDING REPORT A MUST READ. ARTICLE COVER powerbattles 05/18/19 02:56:52 AM
#1553   KEY CUSTOMERS LIKE UPS, DHL, AND FedEx THESE powerbattles 05/18/19 02:30:50 AM
#1551   a new great tweet or a good news knrorrel 05/18/19 12:28:11 AM
#1550   I like to buy when it red and powerbattles 05/17/19 04:56:02 PM
#1549   unfortunately I would like to see a very knrorrel 05/17/19 04:54:57 PM
#1548   unfortunately I want to see a relaxation knrorrel 05/17/19 04:54:20 PM
#1547   "...This stock have great story and good fundamental.." knrorrel 05/17/19 04:53:47 PM
#1546   This stock have great story and good fundamental. powerbattles 05/17/19 04:52:25 PM
#1545   WHERE'RE THE BIG BIG BIG NEWS ? ASK knrorrel 05/17/19 04:26:42 PM
#1544   we need big news or infos knrorrel 05/17/19 04:21:42 PM
#1543   More made up buying along with the 5 lakers17 05/17/19 04:20:23 PM
#1542   I really don't know. I buy when I powerbattles 05/17/19 04:17:41 PM
#1541   when news coming ? knrorrel 05/17/19 04:16:56 PM
#1540   when bouncing WKHS ? knrorrel 05/17/19 04:16:28 PM
#1539   when will there be a counter-movement ( rebound knrorrel 05/17/19 04:13:49 PM
#1537   Look like this is the bottom. I like powerbattles 05/17/19 02:49:37 PM
#1536   Trump named workhorse specifically, I like the risk 136 05/17/19 01:47:39 PM
#1535   I’m in for the ride. Got a block Halks1122 05/17/19 01:27:47 PM
#1534   look at the accumulation, the float is being 136 05/17/19 01:10:54 PM
#1533   Are you liking the sub 1.50 prices? Not Ivegotanace2 05/17/19 01:01:57 PM
#1532   More made up buys like you do day lakers17 05/17/19 12:12:02 PM
#1531   not pretty. yiiiiikes Rocketstockpix 05/17/19 12:04:03 PM
#1530   I am adding a few more at 1.49 powerbattles 05/17/19 10:49:42 AM
#1529   mmmh ...shi_ looks now not good // may knrorrel 05/17/19 10:34:15 AM
#1528   Big move coming here. GOLDEN CROSS THE GOLD STANDARD 05/17/19 10:03:40 AM
#1527   looking good today. let's move back to .02 powerbattles 05/17/19 09:49:27 AM
#1526   More pain cometh today for those who ignored Emptyhead 05/17/19 08:41:25 AM
#1525   I see that. Awesome investigation PB. :-) $avvyPenny$tockInvestor™ 05/17/19 08:39:00 AM
#1523   It sounded like a hit piece to me trustbutverifyit 05/17/19 08:08:14 AM
#1522   i hope it was not a mistake yesterday, knrorrel 05/17/19 03:39:44 AM
#1521   ROTFLMAO!!! NOTES! I just noticed this article published powerbattles 05/17/19 03:21:11 AM
#1520   Making the business case for drone delivery powerbattles 05/17/19 03:07:36 AM
#1519   $WKHS Golden Cross 136 05/17/19 01:47:47 AM
#1517   That is an old article rehach portion of powerbattles 05/16/19 10:13:19 PM
#1516   Right. Someone wanted this down bad writing that article. $avvyPenny$tockInvestor™ 05/16/19 08:49:21 PM