Workhorse Group Meeting With USPS to Discuss Electric Vehicle Contract Loss

Eric Volkman, The Motley Fool
·2-min read
Workhorse Group Meeting With USPS to Discuss Electric Vehicle Contract Loss

Up-and-coming electric vehicle (EV) maker Workhorse Group (NASDAQ: WKHS) is not taking a recent high-profile defeat lying down. Company CEO Duane Hughes said in an analyst conference call on Monday that company officials will meet with U.S. Postal Service (USPS) management Wednesday to discuss the latter's recent awarding of a next-generation vehicle manufacturing contract for delivery trucks. Workhorse was a finalist for that contract, but in the end lost out to a subsidiary of veteran manufacturing company Oshkosh.