Workhorse requests more information from USPS on award decision

(Reuters) – Electric vehicle maker Workhorse Group Inc said on Wednesday it had requested more information from the U.S. Postal Service after it lost a multibillion-dollar contract to Oshkosh Defense for making a new generation of postal delivery vehicles.

Workhorse intends to explore all avenues that are available to non-awarded finalists in a government bidding process, the company said in a statement.

Workhorse shares were down about 10% in premarket trading on Wednesday. They had lost nearly half their value a day earlier after USPS said it would award the 10-year contract to Oshkosh Defense, a unit of Oshkosh Corp.


Notify of
Inline Feedbacks
View all comments

I thought the PO was broke? It’s all funny money on the books.

The entire US government is broke with 20+ billion in debt. You notice that doesn’t stop them spending. They even spend four or five billion dollars just sending out money to people for covid-19.

Has all government agencies do they just keep piling debt on top of debt.