EPISODE · Oct 18, 2021 · 1 MIN
Troubled Electric Van Maker Faces Investigation
from IEN Radio · host Eric Sorensen
Late last year, electric delivery van developer Workhorse Group — despite years on shaky financial footing — was riding high amid a global push to clean up last-mile logistics and its partnerships with high-profile companies.But just nine months later, the company is beset by vehicle issues, a federal investigation and tumbling stock prices.In the latest headline-grabbing snag, Reuters reports that Workhorse has issued a recall of its newly released van and suspended further deliveries of the vehicle in order to ensure it meets federal safety standards.
What this episode covers
Late last year, electric delivery van developer Workhorse Group — despite years on shaky financial footing — was riding high amid a global push to clean up last-mile logistics and its partnerships with high-profile companies. But just nine months later, the company is beset by vehicle issues, a federal investigation and tumbling stock prices. In the latest headline-grabbing snag, Reuters reports that Workhorse has issued a recall of its newly released van and suspended further deliveries of t...
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Troubled Electric Van Maker Faces Investigation
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