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Production ramp-up pains continue as Workhorse loses $120.5M in Q1 0 352 4 minutes read Workhorse Group lost $120.5 million in the first quarter as it delivered six trucks. (Photo: Workhorse) Workhorse Group (NASDAQ: WKHS) continued to struggle in ramping production of its composite-body electric delivery vans, delivering just six units in Q1. But the Cincinnati-based company said it has built 38 of its C-Series vans so far this year, most of those in April. Parts shortages and delivery uncertainty led to a downward revision in trucks Workhorse expects to build this year to 1,000 from 1,800. “Bottlenecks within the global supply chain and offshore shipping delays of commodity raw materials and components as well as our initial stages of production limited our capacity to produce in the first quarter,” Workhorse CEO Duane Hughes said in a press release. ....
/PRNewswire/ The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors of Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse") that a securities. ....
Share this article Share this article RADNOR, Pa., April 19, 2021 /PRNewswire/ The law firm of Kessler Topaz Meltzer & Check, LLP reminds Workhorse Group Inc. (NASDAQ: WKHS) ( Workhorse ) investors of lead plaintiff deadline in securities fraud class action lawsuit filed on behalf of those who purchased or acquired Workhorse securities between July 7, 2020 and February 23, 2021, inclusive (the Class Period ). Deadline Reminder: Investors who purchased or acquired Workhorse securities during the Class Period may, no later than May 7, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail at[email protected]; ....
Thomas Prior An office park on the outskirts of Austin, Texas. On her third day as the Secretary of Housing and Urban Development, Marcia Fudge phoned the White House. She had taken over an agency with a role to play addressing a range of crises as the lack of affordable housing in U.S. cities has left hundreds of thousands homeless and millions more in financial straits. She connected with Joe Biden’s climate team. Fudge and Gina McCarthy, Biden’s national climate adviser, talked about addressing climate change and the affordable-housing shortage at the same time. Three weeks later, the Administration announced plans to provide for more than 1 million resilient and energy-efficient housing units. “People are actually, from every agency, knocking on our doors,” says McCarthy, “wondering how they can be part of what is essentially a hopeful future.” ....