UPS is building its own fleet of electric delivery trucks [The Verge]
Workhorse Group, Inc. (WKHS)
NASDAQ:AMEX Investor Relations:
workhorse.com/investors
Company Research
Source: The Verge
Partnering with truck maker Workhorse Photo by Justin Sullivan/Getty Images UPS announced today that it would be building its own electric delivery trucks from scratch. It will partner with truck maker Workhorse Group Inc to build the first 50 vans that could eventually replace the delivery giant’s fleet of fossil fuel-burning vehicles. The delivery EVs would have a range of 100 miles and will be delivered in 2018, UPS said. “We see this vehicle as being a game changer in the electric truck arena,” Carlton Rose, UPS’s president for global fleet maintenance and engineering, told Reuters . “It’s also an industry first because the acquisition cost is comparable to gas and diesel.” “a game changer in the electric truck arena” The Atlanta-based company already has 35,000 gasoline- and diesel-powered vehicles in its fleet. The Workhouse-built trucks would cost about the same as UPS’s conventional vehicles but would have a lower cost of ownership beca
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WKHS
News
- Workhorse Group Adds Milea Truck Sales and Leasing, Expanding New York Presence [Yahoo! Finance]Yahoo! Finance
- Workhorse Group Adds Milea Truck Sales and Leasing, Expanding New York PresenceGlobeNewswire
- Workhorse Group Expands Dealer Network with Addition of Ziegler Truck Group [Yahoo! Finance]Yahoo! Finance
- Workhorse Group Expands Dealer Network with Addition of Ziegler Truck GroupGlobeNewswire
- Down -32.9% in 4 Weeks, Here's Why Workhorse (WKHS) Looks Ripe for a Turnaround [Yahoo! Finance]Yahoo! Finance
WKHS
Earnings
- 11/14/23 - Miss
WKHS
Sec Filings
- 5/10/24 - Form 8-K
- 5/10/24 - Form 424B5
- 5/3/24 - Form 4
- WKHS's page on the SEC website