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Workhorse Halts Electric Van Deliveries, Says NHTSA Filings Unreliable
Wednesday, September 22, 2021 - 1:58pm | 649Rick Dauch isn't fooling around. The new CEO at Workhorse Group is halting sales of the company's long-delayed and production-challenged electric delivery vans because customers want more cargo capacity and a better design. And Workhorse (NASDAQ: WKHS) is recalling 41 vans already in customer...
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Workhorse Withdraws Next-Gen Mail Truck Bid Protest
Wednesday, September 15, 2021 - 12:04pm | 601Workhorse Group is withdrawing its protest of a multibillion-dollar delivery truck contract that the U.S. Postal Service had awarded to Oshkosh Corp. after reconsidering the background of the bid as well as other business opportunities. "Since I joined the company six weeks ago, we have been...
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Could Workhorse Group Stock Be Making A Reversal?
Tuesday, August 31, 2021 - 4:27pm | 346Workhorse Group Inc (NASDAQ: WKHS) shares are trading higher Tuesday after the company announced it would be partnering with Amerit Fleet Solutions. Amerit is going to provide warranty and repair programs to Workhorse customers all across the U.S. Workhorse was up 0.93% at $9.81 at last...
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Workhorse Reviews Electric Van Designs, Distances Itself From Lordstown Motors
Monday, August 9, 2021 - 1:26pm | 989Workhorse Group delivered 14 electric delivery vans to customers in the second quarter but it is going back to the drawing board to figure out how to add more cargo capacity before it resumes ramping up production. In many ways, the Workhorse (NASDAQ: WKHS) earnings report for the April to June...
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Failure To Launch: Workhorse Group Ousts CEO As Production Delays Escalate
Thursday, July 29, 2021 - 4:19pm | 809Quarter after quarter of missed production targets finally caught up with Workhorse Group CEO Duane Hughes, ousted Thursday at the electric delivery van maker and replaced by auto industry veteran Rick Dauch. Workhorse (NASDAQ: WKHS) has produced very few composite body electric vans in each of...
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Workhorse Sues Postal Service Over Delivery Truck Contract
Thursday, June 17, 2021 - 1:15pm | 643Workhorse Group (NASDAQ: WKHS) has sued the U.S. Postal Service over the government agency's awarding of a piece of its $6.8 billion delivery truck contract to Oshkosh Corp. (NYSE: OSK), a move Workhorse had been considering since the award was announced in February. Workhorse's bid protest was...
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Fintech Focus For March 10, 2021
Tuesday, March 9, 2021 - 11:30pm | 1545Quote To Start The Day: Best friends don’t expect anything from you. They just accept you the way you are. Source: Maxime Lagacé One Big Thing In Fintech: M1 Finance is a platform for digital investing, borrowing and banking. As part of its vision to help self-directed investors build...
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Wednesday's Market Minute: This Is Not A Drill
Wednesday, February 24, 2021 - 10:40am | 499Within minutes of the opening bell on Tuesday, the hashtag #BuyTheDip started trending on Twitter. The dip in reference was not Gamestop Corp. (NYSE: GME), Dogecoin, or an imploding EV SPAC (that wasn’t until the closing bell). This day-trader call to arms was for the sake of the entire stock...
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Cathie Wood Buys More Workhorse Shares On USPS Delay Sell-Off
Thursday, December 3, 2020 - 10:42am | 339More Workhorse Group Inc (NASDAQ: WKHS) shares were added to one of Cathie Wood’s Ark ETFs Wednesday. What Happened: Wood added 153,000 shares of Workhorse to the Ark Autonomous Technology & Robotics ETF (BATS: ARKQ). The ETF now owns 1.36 million shares of Workhorse. The stock is...
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Workhorse CFO Steve Schrader On The Status Of The USPS Contract, Delivery Guidance, And What Stands In Their Way
Thursday, October 29, 2020 - 2:59pm | 597Shares of Workhorse Group Inc (NASDAQ: WKHS) have been volatile of late. The stock, which was at one point up over 900% this year, has lost roughly half of its value in the last two weeks as investors have moved money away from the previously high-flying electric vehicle theme that dominated...
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Workhorse Group Prospects Brighten As Production Of Electric Step Vans For UPS Nears
Tuesday, August 13, 2019 - 6:27pm | 658Even without the possible purchase of an idled General Motors (NYSE: GM) plant, Workhorse Group Inc. (NASDAQ: WKHS) has a story strong enough that one analyst is doubling his earnings estimate for the maker of electric step vans. Cowen analyst Jeffrey Osborne raised his estimate for Workhorse...