September 24, 2020. Navistar’s top management changed at precisely the same time the project vehicle passed its performance test and Navistar tabled the electrification project. These development activities resulted in the successful execution of the concept for SUVs. https://www.linkedin.com/posts/workhorse-custom-chassis_a-new-group-of-workhorse-employees-arrives-a, $WKHS jim cramer speaks https://cnbc.com/2020/10/12/jim-cramer-ford-and-ge-are-h, https://asia.nikkei.com/Business/SoftBank2/SoftBank-eyes-IPO-for-blank-check-acq, https://www.linkedin.com/posts/workhorse-custom-chassis_httpswwwbizjournalscomci, https://www.linkedin.com/posts/workhorse-custom-chassis_thanks-to-the-nasdaq-for, https://m.facebook.com/FoxNews/videos/1460057664190898/, Think again on the level.This can easily be, https://finance.yahoo.com/quote/WKHS/community?p=WKHS, https://businessjournaldaily.com/lordstown-motors-fortunes-could-boost-trumps-tr, UPS has 100,000+ delivery vans in its fleet, BlackRock also has about 5 million shares of. The company continued to make losses and the stock traded below $7 per share, identical to the price level seen in mid-2010. Loveland, Ohio-based Workhorse Group manufactures electrically powered delivery and utility vehicles, serving specifically the “last-mile” delivery sector. If you want to get in on the electric car boom with an affordable stock showing big growth, you’ll have to think outside the box. Cumulative Growth of a $10,000 Investment in Stock Advisor, Workhorse Group Begins Delivery of Electric Package Vans to Ryder System for Rentals @themotleyfool #stocks $R $WKHS. 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. Thanks to lower operating and maintenance costs, EVs represent viable solutions for the last-mile problem in logistics. Since last November, GM has been in discussions with the UAW regarding the impact of changing market conditions on the Lordstown facility. A short report prepared by Fuzzy Panda Research on October 8 argues that Workhorse does not have the technological capability to honor the order even in the highly unlikely scenario the USPS decides to give the green light to an electric truck manufacturer with no proven track record. When the economic benefits of conversion became less certain, we pivoted away from passenger vehicles and began to focus on electrifying commercial vehicles. of chassis and body weight compared to a conventional, internal combustion vehicle while carrying the same cargo volume and payload. Mason has provided industry-leading same-day* delivery of business products. Workhorse Group Inc. (WKHS) has been on a wild ride this year and shares are up a staggering 780% in 2020. Buyers can also opt to order their vans to be compatible with electric package-delivery drones that can be controlled via integrated software, once regulators approve their use. AMP Electric Vehicles went public in 2010 trading on the OTC market under the AMPD symbol. There's every possibility of the USPS postponing the deadline to select the winner as well, which would give traders a longer time frame to push the stock higher before the inevitable happens. We were one of eight finalists in the Side-by-Side seating category. This could prove to be advantageous in the bidding process. Workhorse Group produces battery-powered electric vehicles. On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. 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. Workhorse … Below are some of the electric vehicles tested by the USPS recently. More. Keeping this in mind, I've decided not to short the stock until the outcome of the bidding process is known, which could be as early as October 13 if the USPS sticks to the original timeline. Postal Service — to the tune of $6 billion — WKHS stock may just be getting started. We followed the electrification of the Sky Roadster with the design and implementation of systems capable of powering larger vehicles. "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. The C-Series vans have lightweight composite bodies with low floors and modular battery packs that give buyers the option of choosing more or less range as needed. 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. Source: Auditor's report on the USPS vehicle acquisition strategy. The Workhorse C650 and C1000 vans are “built specifically for last mile delivery.” A lower range and longer refuelling time don’t present the same sort of challenges for this application. None of this compares with what is on the cards for October. While Workhorse promises to capture the $18 billion last-mile delivery vehicles industry, the leading vehicle manufacturers have already laid the groundwork to do the same and their technological capabilities, deep pockets, and the capacity of manufacturing plants are likely to make life difficult for Workhorse. Workhorse C-Series vehicles are powered by a modular battery pack system, which provides between 35 kilowatt hours (kWh) when equipped with two battery packs and 70 kWh in its standard four pack configuration.

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