Workhorse for sale12/29/2023 ![]() Workhorse Group Reports Fourth Quarter and Full Year 2019 ResultsĬINCINNATI, Ma/PRNewswire/ - Workhorse Group Inc. Despite these near-term headwinds, we are setting a 2020 production target of 300-400 vehicles and are looking forward to delivering our state-of-the-art truck to our customers." While our intent had been to deliver initial vehicles in the first quarter of 2020, we were impeded by material supply disruptions related to the global outbreak of the novel coronavirus. We have now begun production and have obtained the needed certifications that will allow us to deliver a limited number of vehicles to our customers starting in April. "We also made meaningful progress in our transition from a development-stage company to a production-focused enterprise. ![]() "In the fourth quarter we were able to complete transactions that allowed us to narrow our focus on our unique business of providing an all-electric, customer-focused design C-Series delivery vehicles and patented vehicle-mounted drones that can meet the needs of an $18 billion market where 300,000 trucks are replaced annually," said. The successful launch of the product and hopefully sales of thousands of vehicles per year (from 2021) would be a turning point, we guess. We don't know the prices of C-series vans for fleets, but even at the planned 300-400 sales in 2020 the company probably will stay in the red.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |