As previously disclosed, Workhorse has secured an order for the extended wheelbase W56 from a customer who was impressed by the technical superiority of the W56 platform and the excellent service and support provided by the Company but required a larger version of the W56 to meet their specific needs. Standard production of the new, extended wheelbase W56 is set to begin in Q3 of 2024 at Workhorse's Union City, IN assembly complex, alongside the 178-inch wheelbase W56, launched in Q3 of 2023. Initial custom ...

Core Viewpoint - Workhorse Group Inc. is showcasing its W750 medium-duty electric vehicle (EV) at the Clean Energy Roadshow, emphasizing its role in the transition to zero-emission commercial vehicles and the importance of education for fleet operators in adopting alternative fuel vehicles [4][10]. Company Overview - Workhorse Group Inc. is an American technology company focused on providing ground-based electric vehicles for the last-mile delivery sector, designing and building high-performance, battery-electric trucks [2][4]. - The company also develops cloud-based telematics performance monitoring systems integrated with its vehicles to optimize energy and route efficiency [2]. Product Details - The W750 is an all-electric commercial truck that offers immediate torque and more power than internal combustion engine (ICE) vehicles, significantly reducing the annual cost of ownership while providing a comfortable driving experience [2][10]. - The W750 is designed for last-mile delivery, providing a zero-emission solution with class-leading payload and range [5]. Event Information - The Clean Energy Roadshow is Georgia's largest showcase for alternative fuel fleet vehicles, featuring the W750 at three key locations from July 9 to July 11, 2024 [4][6]. - The event is open to fleet leaders, elected officials, and private enterprise fleets, aiming to advance the adoption of clean energy vehicles [6].

CINCINNATI, June 27, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, announced a new upfit program in partnership with Surefitters, a leader in truck and van upfitting based in Rosemount, MN. Through this partnership, Workhorse will offer a range of upfit options for its medium-duty commercial EVs. The upfit program with Surefitters offers a ship-thru solutio ...

Workhorse Group Inc. (WKHS) announced that Eco Auto has joined its Workhorse Certified Dealer Network, becoming the company's first dealer in the Greater Boston area and the 13th across the nation. Eco Auto is dedicated to customer service, offering a wide range of services, including the purchase of electric and hybrid vehicles, energy solution evaluations and expert EV maintenance. By adding Workhorse's Class 4-6 electric work trucks to its offerings, Eco Auto is set to provide even greater value to its c ...

"Eco Auto is committed to lowering the barriers of entry to sustainable transportation, and we are excited about our partnership with Workhorse to continue to bolster our offerings in the commercial fleet electrification space," said Al Salas, owner of Eco Auto. "It's an honor to be a pioneer in our market and we are looking forward to serving businesses and municipalities that are looking to reduce their carbon footprint here in New England." About Eco Auto of North Boston Media Contact: Aaron Palash / Gre ...

Core Viewpoint - Workhorse Group Inc. expands its dealer network by adding Eco Auto as its first dealer in the Greater Boston area, enhancing its commitment to zero-emission commercial vehicles [1][4]. Company Overview - Workhorse Group Inc. is focused on pioneering the transition to zero-emission commercial vehicles, specifically targeting the last-mile delivery sector with high-performance, battery-electric trucks [4][6]. - The company also develops cloud-based telematics systems for real-time performance monitoring, aimed at optimizing energy and route efficiency for fleet operators [4]. Dealer Network Expansion - The addition of Eco Auto marks Workhorse's 13th dealer nationwide and is a strategic move to grow its presence in the Northeast [1][6]. - Eco Auto specializes in sustainable commercial vehicle solutions and is committed to lowering barriers for businesses transitioning to electric vehicles [3][5]. Electric Vehicle Adoption in Massachusetts - Massachusetts is a key state for electric vehicle adoption, supported by the MOR-EV program, which offers rebates ranging from $30,000 to $60,000 per vehicle for the purchase or lease of electric trucks [3]. - The program is accessible to various entities, including private businesses, universities, nonprofits, and municipalities, facilitating the transition to zero-emission vehicles [3]. Commitment to Sustainability - Both Workhorse and Eco Auto emphasize their commitment to sustainability and customer service, aiming to support businesses in achieving their zero-emissions goals [4][5]. - Eco Auto plans to enhance its offerings in the commercial fleet electrification space, providing a comprehensive range of services from vehicle purchasing to energy solutions and maintenance [7][8].

Company Overview - Workhorse, originally founded as AMP Electric Vehicles in 2007, aimed to convert gas-powered vehicles to electric vehicles (EVs) and acquired a Navistar subsidiary in 2012 [6] - The company has transitioned to manufacturing electric vans and was previously involved in a bid for a contract to supply electric delivery vans to the U.S. Postal Service (USPS) [2] Recent Developments - Workhorse executed a 1-for-20 reverse stock split to comply with Nasdaq's minimum bid price requirement, increasing share price from $0.15 to $3 [1] - Following the announcement of the reverse split, shares fell by 11% and have since decreased by an additional 25%, currently trading around $2.20 [5] Financial Performance - In 2023, Workhorse reported a loss of $123 million, equating to $0.60 per share, on revenues of $13 million [8] - The company has recently secured a contract with a California dealer for electric trucks, indicating some movement towards business recovery [8] Market Position - Workhorse's bid for the USPS contract was unsuccessful, with the contract awarded to Oshkosh, which has committed to increasing the percentage of EVs in its order [2][7] - The government is now purchasing 9,250 electric vans directly from Ford, which was initially designated to provide engines for the Oshkosh contract [2]

Workhorse (NASDAQ:WKHS) stock is a hot topic on Thursday after the technology company announced plans for a 1-for-20 reverse stock split. With that approval, 20 shares of WKHS stock will be consolidated into a single share when markets open on June 17. The shares will continue to trade under the same ticker after the reverse split. Workhorse is enacting this reverse stock split to boost the price of WKHS shares. It's doing this to regain compliance with listing requirements for the Nasdaq Exchange. Currentl ...

Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to the Company. Forward-looking statements are predictions, projections, and other statements about future events based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including but not l ...

Core Points - Workhorse Group Inc. will implement a 1-for-20 reverse stock split of its common stock effective June 17, 2024, to comply with Nasdaq's minimum bid price requirement [5][6]. - The reverse stock split aims to increase the market price of Workhorse's common stock to at least $1.00 per share for a minimum of ten consecutive trading days by September 16, 2024 [6]. - The reverse stock split will automatically combine every 20 shares into one share, affecting all stockholders uniformly without altering their percentage ownership interest [7]. Company Overview - Workhorse is a technology company focused on electric vehicles for the last-mile delivery sector, designing and building high-performance, battery-electric trucks [3]. - The company also develops cloud-based telematics performance monitoring systems integrated with its vehicles to optimize energy and route efficiency [3]. - Workhorse aims to enhance the efficiency of moving people and goods while minimizing environmental impact [3].