Workhorse Group, Inc. (WKHS) News
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WKHS News Highlights
- WKHS's 30 day story count now stands at 27.
- Over the past 29 days, the trend for WKHS's stories per day has been choppy and unclear. It has oscillated between 1 and 8.
- MILE, FORD and TSLA are the most mentioned tickers in articles about WKHS.
Latest WKHS News From Around the Web
Below are the latest news stories about Workhorse Group Inc that investors may wish to consider to help them evaluate WKHS as an investment opportunity.
(Bloomberg) -- Workhorse Group Inc. shares plunged on Wednesday to their lowest in fifteen months after the embattled electric-vehicle maker said it will suspend deliveries of its vans and recall units it has already delivered.Most Read from BloombergIstanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesIn Paris, the Wrapped Arc de Triomphe Is a Polarizing PackageHow the Child Care Crisis Became a Global Ec
Rick Dauch isn't fooling around. The new CEO at Workhorse Group is halting sales of the company's long-delayed and production-challenged electric delivery vans because customers want more cargo capacity and a better design. And Workhorse (NASDAQ: WKHS) is recalling 41 vans already in customer possession because it cannot vouch for their safety. The company said it has not received any customer complaints about safety but it is alerting the Securities and Exchange Commission about the issue. "The
Ines Ferre breaks down some of Wednesday’s early stock movers, including: Facebook lower after warning Apple’s privacy changes could impact Q3 results, Workhorse under pressure after halting electric van deliveries, and Netflix gaining after a price target boost at Stifel.
Investors in last-mile electric delivery vehicle start-up Workhorse Group (NASDAQ: WKHS) haven't had much good news so far in 2021. The stock is down almost 60% year to date, and more than 80% off highs reached in February. The stock has regained some of that decline, but still remained down about 8.5% as of 10:25 a.m. EDT.
The suspension and recall adds to the Workhorse's woes, as it is said to be under a probe by the U.S. Securities and Exchange Commission, according to a letter from the regulator published by a short seller this month. The Ohio-based firm said its new leadership team had concluded that modifications were necessary to certify the C-1000 vehicles under Federal Motor Vehicle Safety Standards (FMVSS). Workhorse added that it had informed the National Highway Traffic Safety Administration about the need for modifications and said its previous statements related to van's compliance with agency's standards cannot be relied upon.
EV company Workhorse shares slide 10% on news to suspend deliveries of C-1000 vehicles and recall 41 already delivered
Electric vehicle company Workhorse Group Inc.'s shares slid 10% in premarket trade Wednesday, after the Cincinnati-based company said it is suspending delivering of its C-1000 vehicles and recalling 41 it has already delivered. The company said its new management team has determined that the vehicles require enhancements to increase payload capacity and that further testing and modifications will be required to certify the vehicle under Federal Motor Vehicle Safety Standards. The company is expe
Remains on Track to Provide Long Term Strategic Roadmap on Q3 Earnings Call CINCINNATI, Sept. 22, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, today provided an update to its ongoing review of the Company’s business and go-forward operating and commercial plans to transition from an advanced technol
By Dhirendra Tripathi
While betting on short-interest stocks has become a popular speculation tactic, you want to be careful about this fad.
Decarbonization has become an urgent ordeal within global political agendas as the world continues to trail behind the 7.6% annual emissions reduction goal required to avoid worsening impacts of climate change. Global electrification of the transportation sector has been viewed as a key element to decarbonizing the economy, as it...