![]() ![]() The company is also amid a management restructuring with two of its top executives, including finance chief Steve Schrader, leaving the company in late September. Postal Service earlier this year to award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. In June, Workhorse had challenged a decision by the U.S. Workhorse disclosed the investigations in a regulatory filing, adding that it has not received any subpoena or request for documents from the Justice Department. The SEC investigation was first reported by The Wall Street Journal in September. 5, the company had received SEC's letters in mid-October and earlier this month seeking information related to the issue. This February, the postal agency announced that it had entered into a 10-year deal with Wisconsin-based military contractor, Oshkosh Defense. While Workhorse was orally informed of the Justice Department investigation on Nov. means, collectively, (a) the amended and restated term sheet executed by Workhorse and Purchaser outlining their intended. Workhorse, which makes last-mile electric vehicles and drones, has penned a three-year contract manufacturing agreement with Tropos Technologies. However, the delay highlights the risk associated with. robust and durable workhorse pickup Weve come to depend upon Ford for their. ![]() Securities and Exchange Commission related to trading in the company's securities leading up to the award of a U.S. As you can imagine, if Workhorse gets the contract outright or gets a portion of the contract with another company, WKHS stock will quadruple. with leasing plans ranging from full service truck leases to contract. Ohio van producer Workhorse Group said on Monday it was being investigated by the U.S. ![]()
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