Postal Service (USPS) contract. All rights reserved. The USPS has provided very few details about the status of its program to replace aging mail trucks. All market data delayed 20 minutes. or redistributed. Workhorse Group Inc. WKHS Stock Message Board: You mean usps contract proposals. So in any scenario, Workhorse loses, … Obviously, if we were to get the full award or a decent-sized award, that would be transforming for the company,” Schrader said.Schrader said any company that wants to launch a true drone delivery service that would rival a truck would need FAA certifications.“They want safety first for sure, but from that standpoint, I think it’s a real opportunity and I think it’s more like two years away versus five years away,” he said.“I think what investors have done is looked at little Workhorse here and said look, not only are they making vehicles right now, they already have orders, and in addition to that they have a drone and they have an opportunity with the Post Office,” Schrader said.In a best-case scenario, Schrader said Workhorse has a massive opportunity in the next two years with both vans and drones.“In two years, best case, we get the Post Office contract, we also have a lot more orders and we’re producing to the tune of maybe 2,000 to 3,000 new vehicles per year in the C-Series,” he said.Thank you for subscribing! Commenting on the implications of this designation, Workhorse CEO, Duane Hughes, Similarly, on the 23rd of July, Workhorse announced that it landed an initial purchase order of 20 all-electric C-1000 delivery vehicles from trucking company eTrucks, thereby, allowing the company to expand its order book and sales reach.Some posts on Wccftech.com may contain affiliate links. That said, there are signs that Workhorse’s chances are less than stellar. If you have any questions feel free to call us at 1-877-440-ZING or email us at Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.Everything you need to know about the market - quick & easy.A daily collection of all things fintech, interesting developments and market updates. As a refresher, the USPS is Another major factor is the upcoming listing of Lordstown Motors. Workhorse Receives Purchase Order for 20 C-1000 All-Electric Delivery Trucks from Cincinnati-Based eTrucks PR Newswire (US) - 7/23/2020 9:00:00 AM Current Report Filing (8-k) Edgar (US Regulatory) - 7/20/2020 8:01:05 AM For instance, Tesla (However, on a more granular level, two factors seem to have produced the vast quantum of alpha for Workhorse stock. But should Workhorse win the contract which calls for 75% of the USPS’ fleet to be EVs, shares will benefit greatly. © 2020 NewAge ADS, LLC. Bears doubt that Workhorse can ever become a profitable vehicle producer to the extent that it would justify today's valuation. Its straightforward-looking proposal features Volvo interior components suggesting a potential tie-up with the Chinese-owned brand.Commercial truck specialist VT Hackney has teamed up with electric vehicle outfit Workhorse on a battery-powered prototype that could potentially spawn a plug-in hybrid using technology Indian automaker Mahindra last year opened a manufacturing facility in Michigan to build Turkey's Karsan previously tried and failed to win the contract to build Oshkosh and Ford are working together on the only production-based model in the final five.
Based on a high-roof Ford Transit van, which can be had with a diesel engine and will be available with all-wheel-drive starting next year, the entry has been modified with the required sliding doors and plenty of protective body cladding.This material may not be published, broadcast, rewritten, or redistributed.
Postal Service contract for its next-generation mail trucks. The USPS is expected to announce around March 1 … Many Workhorse bulls are counting on the potential US Postal Service contract to be the panacea that cures all ills.
Consider Workhorse Stock A Cautious Buy on The Pullback USPS and Lordstown catalysts could help WKHS stock bounce back after cooling off as … For instance, on the 28th of July, Workhorse announced that its C-Series all-electric delivery trucks have been deemed eligible for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project program by the California Air Resources Board (CARB). The search to replace the iconic but outdated Grumman LLV truck, which went out of production in 1994, The Next Generation Delivery Vehicle (NGDV) will replace the Grumman Long Life Vehicle for the USPS in the near future. The contract calls for 180,000 trucks to be delivered over five to seven years at a price between $25,000 and $35,000 each, which means it could be worth as much as $6.3 billion to the winner. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com
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