![]() The company is also amid a management rejig with two of its top executives, including finance chief Steve Schrader, leaving the company in late September. However, this February, Workhorse lost the long-awaited USPS’ multibillion-dollar contract for the next. 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. Workhorse was one of the few companies that went into the final stage of the bidding process. ![]() Securities and Exchange Commission related to. In June, Workhorse had challenged a decision by the U.S. Nov 8 (Reuters) - Electric van-maker Workhorse Group (WKHS.O) said on Monday it was being investigated 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 DoJ. 5, the company had received SEC's letters in mid-October and earlier this month seeking information related to the issue. The contract originally was to be awarded in 2018. Originally, seven suppliers created concepts to replace the aging fleet of right-hand drive Long Life Vehicles (LLV) made by Grumman. The Postal Service began a multiyear research program for new delivery vehicles in 2016. While Workhorse was orally informed of the DoJ investigation on Nov. Workhorse shares closed down 19.02 at 20.43 on Wednesday. ![]() Securities and Exchange Commission related to trading in the company's securities leading up to the award of a U.S. Workhorse discloses DoJ, SEC probe related to USPS contract. Nov 8 (Reuters) - Electric van-maker Workhorse Group (WKHS.O) said on Monday it was being investigated by the U.S. Workhorse Group Incorporated, originally AMP Electric Vehicles, is an original equipment. ![]()
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