Oshkosh Acknowledged Weakness on EVs Before Win in Postal Deal
Oshkosh Corp. executives cautioned investors that they lacked expertise in building electric vehicles several months before the company won a lucrative U.S. Postal Service contract to build next-generation mail-delivery vans with batteries or internal-combustion engines.
Oshkosh in a November securities filing said it “may not have the expertise or resources” to compete as vehicle manufacturers turn increasingly to EVs. But in a January investors’ call and again after winning the 10-year, $6 billion postal contract last month, the company said its vehicle could use either type of engine and could be retrofitted to batteries “as that technology evolves.”