Postal Service (USPS) decision in February to award a. "By withdrawing our protest, we can also better focus our time and resources on initiatives that we expect will be more productive for our company." The stock has tumbled 40. WASHINGTON, June 16 (Reuters) - Electric vehicle company Workhorse Group (WKHS.O) filed a legal challenge on Wednesday to the U.S. "The federal government has announced its intention to replace its fleet with electric vehicles, and we believe that the best way for us to work with any governmental agency is through cooperation, not through litigation," Dauch said. robust and durable workhorse pickup Weve come to depend upon Ford for their. On Wednesday, new Chief Executive Rick Dauch said he has been examining the history of the USPS bid and protest filing since he became CEO six weeks ago. with leasing plans ranging from full service truck leases to contract. Our Luke Lango sees Workhorse winning the. 25 Buy American executive order seems to play right into Workhorse’s hands. The company had indicated earlier this year that it would fight the USPS decision to award the Next Generation Delivery Vehicle (NGDV) contract for battery-electric vehicles and fuel-efficient internal combustion engine vehicles to Oshkosh Corp.Ī decision which some on Wall Street believed may have been politically motivated. Workhorse Contracting offers the following services: Roofing. The Postal contract is worth over 6 billion, and the new President’s Jan. It’s Workhorse’s first major partnership of that kind. Leadership announced the deal during a second quarter earnings call Tuesday. Fell 0.8% in premarket trading Wednesday, putting them on track to open at a four-month low, after the electric vehicle maker said it has withdrawn its U.S. Workhorse, which manufacturers last-mile electric vehicles and drones, has penned a three-year contract manufacturing agreement with Tropos Technologies.
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