![]() The company is now under new leadership, and one of the first things new CEO Rick Dauch did after taking over was withdraw the company's legal challenge against the Post Office's decision.ĭauch has refocused Workhorse's energy on other products, including electric delivery vans for the private sector.Īlthough it isn't out of the question that Workhorse could get some part of a future Post Office deal or other government business, there is nothing in Wednesday's news to suggest anything is on the immediate horizon. Now whatĪlthough some investors haven't given up on the Post Office deal, it should be noted that Workhorse appears to have moved on. But investors are bidding up Workhorse as a result of the news, hoping the change in plans might provide a path for the start-up to get involved again. The main contract still belongs to Oshkosh, and there is no indication that's about to change. ![]() The government agency said it intends for at least 25,000 of the delivery vehicles in its initial 50,000 Oshkosh order to be EVs, and said it intends for at least 40% of the 84,500 vehicles it will buy to be electric. More than a year later, the Post Office is far more committed to going electric. Oshkosh said at the time that its vehicles for the Postal Service would be equipped with either fuel-efficient engines or battery electric powertrains. The award caught some watchers off guard because at the time, Oshkosh was focused primarily on internal combustion engines, not electrics. The company had initially hoped a big contract from the USPS would jump-start its business, but in February 2021, rival Oshkosh won that massive $6 billion contract. Workhorse is an electric vehicle start-up whose short history is tied closely to the Post Office's plans to revitalize its fleet. Investors need to be careful not to get ahead of themselves. That news has shares of Workhorse Group (NASDAQ: WKHS), a one-time candidate to provide those vehicles, up more than 20% at one point on Wednesday. Postal Service has altered course a bit on its plans for replacing its aging fleet of delivery vehicles, and now says it plans to buy significantly more electric delivery vehicles in the years to come than it previously forecast. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.The U.S. The list of its authors can be seen in its historical and/or the page Edithistory:Steve Burns (Workhorse Group). This article "Steve Burns (Workhorse Group)" is from Wikipedia. He married Deborah Burns in 1986, and together they have five children. (NYSE:GCI) in 1994 and the design and development of Suspension Parameter Measurement Machines.īurns was born in Cincinnati, Ohio in 1959. in 2006, AskMeNow a mobile search and information delivery system sold to Ocean West Holdings in 2005, PocketScript, the leading mobile electronic prescription system in the world which was sold to ZixCorp in 2002, Over The Line/AdLink, sold to Gannett Co. a developer of high-end speech recognition software for smartphones sold to Nuance Communications (NASDAQ:NUAN), Inc. He has founded several companies prior to Workhorse including, a mobile photo and video-sharing technology company, MobileVoiceControl, Inc. Burns was the CEO of Workhorse Group until February of 2019. Previous to Founding Lordstown Motors Corp. ![]() Steve Burns has experience with Tech Start-Ups. Lordstown Motors is a new Original Equipment Manufacturer (OEM) whose mission is to design, build, and sell electric vehicles for commercial fleets. Lordstown Motors Corporation is in discussions with General Motors Company (NYSE: GM) to purchase their Lordstown Plant. In February 2019, Steve stepped down as CEO of Workhorse Group (NASDAQ:WKHS) a company he founded in 2007 that specializes in Electric Mobility in the Last Mile Delivery Sector to start Lordstown Motors Corp. Burns is an American entrepreneur who founded Workhorse Group and is currently running Lordstown Motors Corporation.īurns has a background rooted in Technology and Electric Mobility.
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