Workhorse would in turn own a minority stake in Lordstown Motors. Burns told the Detroit News last week that he’s looking to raise $300 million to back the effort. Tom Colton, an outside spokesman representing Workhorse, said its plans for Lordstown aren’t contingent on winning the Postal Service contract.

Jan 13, 2020 However, should Workhorse be awarded all or some of the USPS contract, it likely will pave the way to a more certain future for a startup that 

Turkish electric vehicle  Aug 9, 2019 LORDSTOWN — Should a company affiliated with Workhorse Group Inc. acquire the idled General Motors assembly plant in Lordstown,  May 18, 2020 Lordstown Motors CEO Steve Burns said the postal service has extended its deadline from April 27 to July 14. Cincinnati-based Workhorse,  Apr 22, 2020 A no-brainer stimulus idea: Electrify USPS mail trucks award a final production contract by 2018, with vehicles deployed by summer 2019. Mar 1, 2021 Workhorse Commits to Challenging USPS Contract Decision Workhorse Group Inc. (NASDAQ: WKHS) shares were trading slightly higher  Mar 1, 2021 23 after USPS said it would award Oshkosh Defense, a unit of Oshkosh Corp, the 10-year contract. Workhorse shares rose 7.2% Monday to  During the class period, Workhorse Group touted its potential to obtain the USPS contract, speculated that its all-electric vehicle "is probably the  In a July 21, 2020 article published by Benzinga, Steve Schrader, Workhorse's CFO, provided an update on the USPS contract estimated to be  The loss of the United States Postal Service contract by the Workhorse Group constitutes a major setback for the company, whose base case scenario lies in.

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At the same time, thanks to the USPS partnership, Workhorse will likely be able to A particular prospect that raised its share price from less than $2 in March to more than $40 this month was its bid for a big contract from the United States Postal Service to start replacing the Workhorse shares are down nearly 50 percent after losing the deal for a new fleet contract with the USPS. Frank Holland joins 'Closing Bell' to report. WASHINGTON — Lordstown Motors isn't fazed by Tuesday's announcement that its affiliate and part-owner Workhorse Group was passed over for a multi-billion-dollar U.S. Postal Service contract. Though Workhorse was one of only a handful of companies the postal service could have chosen to make its next generation of delivery vehicles, the Cincinnati-based automaker didn't reach the finish line. Workhorse raised a ton of money in 2020 To that end, Hughes and Schrader spoke at length about how Workhorse now has more than 8,000 orders for its commercial electric delivery trucks and how it New USPS funding bill may give Workhorse an opportunity for $6B contract. The bill would earmark $6 billion for the U.S. Postal Service to modernize its fleet, and require electric or zero-emission vehicles make up at least 75 percent of the new fleet, according to Reuters.

2021-01-26 · In winning the USPS contract, Workhorse will cement itself as a viable leader in the electric delivery van market. At the same time, thanks to the USPS partnership, Workhorse will likely be able to

Life after the USPS contract. If Workhorse wins the USPS contract, the company would need to make a lot of changes in order to effectively compete in an increasingly crowded EV delivery van sector If Workhorse somehow won even part of the USPS contract then they do not have the facilities, equipment, or expertise to fulfill it according to USPS requirements and expectations," reads the report. Stock in Workhorse, the only contract bidder offering an all-electric option, was on Wednesay.

Mar 1, 2021 Workhorse lost the USPS contract, resulting in WKHS stock crashing this week, but the company has other customers for its EV delivery vans.

They met Wednesday with USPS representatives to talk about the contract and 2021-03-09 · Mar 9th 2021 at 9:30AM 0 Comments Workhorse Group rose as a House panel made plans to examine the U.S. Postal Service’s awarding of a blockbuster truck-building contract to Oshkosh Corp. and 2021-02-23 · Electric-vehicle maker Workhorse Group Inc. plunged on Tuesday, triggering multiple trading halts, after a key U.S. Postal Service contract that some had expected it to win went to rival Oshkosh 2021-02-25 · Shares of Workhorse Group Inc. kept falling Wednesday, extending the previous session’s near-record plunge, amid disappointment over losing out on the U.S. Postal Service delivery trucks contract Workhorse, of course, wants to overturn the award made to truck maker Oshkosh (OSK) or, at least, win part of the yearslong, multibillion-dollar contract.

Cincinnati-based electric vehicle-maker Workhorse Group, which was a finalist for the multi-billion dollar postal service contract but whose all-electric offering was passed over, now appears to be the heir apparent to the deal, though there’s no guarantee the contract would go to Workhorse, Reuters reported. Workhorse stock is set to fly if they get any portion of this USPS NGDV contract. Talk about a big ticket, this contract is worth $6.3 Billion and 180,000 el WASHINGTON — Lordstown Motors isn't fazed by Tuesday's announcement that its affiliate and part-owner Workhorse Group was passed over for a multi-billion-dollar U.S. Postal Service contract. 2021-03-08 · Workhorse officials indicated late last week the company could take other action to try to get part of the USPS contract. They met Wednesday with USPS representatives to talk about the contract and 2021-03-09 · Mar 9th 2021 at 9:30AM 0 Comments Workhorse Group rose as a House panel made plans to examine the U.S. Postal Service’s awarding of a blockbuster truck-building contract to Oshkosh Corp.
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Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service. Amid heightened volatility, the stock was 2021-03-09 2021-02-25 2020-12-03 2021-03-12 2021-03-09 2021-01-26 Workhorse shares lost nearly half their value on Feb. 23 after USPS said it would award Oshkosh Defense, a unit of Oshkosh Corp, the 10-year contract. Workhorse shares … 2021-03-09 2020-07-14 2021-02-24 2020-12-22 2021-02-24 2021-02-23 2021-03-01 2021-03-01 TRUMP NEEDS TO WIN THE STATE OF OHIO TO WIN THE PRESIDENTIAL ELECTION. Ohio is a … 2021-03-08 2021-02-24 usps contract leak?!

Kaptur and Ryan both represent  Mar 4, 2021 CINCINNATI, March 04, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. that it had made an award under the NGDV contract to a competing finalist, the On March 3, 2021 Workhorse met with USPS representatives to .. Mar 3, 2021 In a statement, the company told News 5 “Lordstown Motors' business plan was never reliant on Workhorse receiving the USPS contract; if they  Mar 4, 2021 Ohio-based electric vehicle manufacturer Workhorse Group was passed over for the contract.
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$WKHS Workhorse Rises After Lawmaker Seeks Probe of Big Oshkosh Trade #otonom #ElectricVehicles karsan #karsn #usps #wkhs #electricbus #2021 

Though Workhorse was one of only a handful of companies the postal service could have chosen to make its next generation of delivery vehicles, the Cincinnati-based automaker didn't reach the finish line. Workhorse raised a ton of money in 2020 To that end, Hughes and Schrader spoke at length about how Workhorse now has more than 8,000 orders for its commercial electric delivery trucks and how it New USPS funding bill may give Workhorse an opportunity for $6B contract. The bill would earmark $6 billion for the U.S. Postal Service to modernize its fleet, and require electric or zero-emission vehicles make up at least 75 percent of the new fleet, according to Reuters. WASHINGTON — A U.S. House bill introduced Monday offers the U.S. Postal Service $6 billion to replace its aging fleet with mostly electric or zero-emission vehicles, seemingly contrasting a previous deal struck last While the government continues to delay the awarding of the estimated $6.3 billion contract, Workhorse signed a deal with Pride Group Enterprises for 6,320 C-Series all-electric delivery vehicles. Workhorse had been vying for the contract and was considered to be a likely contender to get at least part of it. Workhorse officials said Wednesday it has requested additional information from the However, on February 23, 2021, while the market was open, the USPS issued a press release entitled: U.S. Postal Service Awards Contract to Launch Multi-Billion-Dollar Modernization of Postal As InvestorPlace contributor Sarah Smith reported, on Feb. 23, 2021, Workhorse shares plunged nearly 50% because the United States Postal Service (USPS) awarded its fleet electrification contract Workhorse Group, Inc. (WKHS) Misled Shareholders About Its Ability to Obtain a Delivery Vehicle Contract With the USPS. According to the complaint, Workhorse Group was vying for the USPS's Next

Workhorse stock is set to fly if they get any portion of this USPS NGDV contract. Talk about a big ticket, this contract is worth $6.3 Billion and 180,000 el

Load Error Yet this battle is far from over. Cincinnati-based electric vehicle-maker Workhorse Group, which was a finalist for the multi-billion dollar postal service contract but whose all-electric offering was passed over, now appears to be the heir apparent to the deal, though there’s no guarantee the contract would go to Workhorse, Reuters reported.

and another lawmaker raised questions about 2020-12-22 · USPS is replacing the white, right-hand drive, and delivery trucks with the Next Generation Delivery Vehicle (NGDV). It will purchase about 180,000 vehicles will be purchased over five to seven 2020-12-03 · The USPS is in the process of replacing its iconic yet aging white right-hand-drive delivery trucks and Workhorse is the only contract bidder left offering an all-electric option. Overall, three 2021-03-04 · Missing out on the USPS contract had sent Workhorse's stock plunging 47.5% on Feb. 23 to $16.46, and the stock has lost another 18.2% since then, putting it on track for the lowest close since June Workhorse shares lost nearly half their value on Feb. 23 after USPS said it would award Oshkosh Defense, a unit of Oshkosh Corp, the 10-year contract.