![]() ![]() Workhorse asked the court to grant it the contract after invalidating the award to Oshkosh, or instruct the Postal Service to make a new award decision. Please look at my other auctions for Kenworth Brochures Buyer to pay USPS. Many vehicles in the Postal Service fleet have been in service for 30 years or more, Frum said. Our used trucks create tough, workhorse solutions designed to thrive in the. Preparations are continuing to produce the vehicles, which may appear on mail routes in 2023, Frum said. Kimberly Frum, a Postal Service spokeswoman, declined to comment on the litigation. In fact, the Postal Service worker incorrectly left the prototype in “drive” rather than “park,” Workhorse said in the complaint. The USPS misleadingly claimed a flaw in the brake system caused a prototype to roll into a ditch, injuring a test track driver, according to the complaint. Workhorse in its complaint said the Postal Service “ensured it had no fair chance of a contract award.” The agency treated Workhorse more harshly than competitors and didn’t give enough notice of perceived deficiencies of the company’s proposal, according to the complaint. House lawmakers in May moved toward spending $8 billion to build more EVs. Oshkosh has said its vehicle can be built to use either electric power or a gasoline engine. Supporters of the Postal Service move say it’s urgent to replace older mail vehicles that have mounting repair costs. 23 award to Oshkosh for as many as 165,000 mostly gasoline-powered vehicles drew notice because it bypassed fledgling electric-vehicle specialist Workhorse after President Joe Biden had ordered a clean-energy fleet. ![]() The complaint was filed under seal June 16, and a redacted version was filed June 28. ![]() Court of Federal Claims in Washington, D.C. The Postal Service “put its thumb on the scale against Workhorse” in part by blaming a prototype for what was a driver error, the Loveland, Ohio-based company said in a complaint at the U.S. Postal Service didn’t give Workhorse Group a fair shot at a contract worth as much as $6 billion to build mail delivery vans, the maker of EVs said in its challenge of the service’s decision to award the work to Oshkosh Corp. The company has blamed raw material shortage, supply chain bottlenecks, and limited production capacity as key factors that have been hampering a production ramp-up.WASHINGTON - The U.S. So far this year, it has only produced 38. Workhorse is currently planning to build at least 1,000 C-series trucks in 2021. These developments do not add confidence in the ability of Workhorse to deliver on its contractual obligations. Moreover, the truck recently took part in San Felipe 250 racing event but called it quits soon after due to the greater-than-expected energy consumption of the EV. However, Lordstown’s own Endurance electric truck is faltering amid allegations of an inflated order book and the truck catching fire during testing. The idea of providing USPS with an all-electric fleet even gained approval from the highest seat of government in the United States shortly after he took office, President Biden endorsed it with an executive order. As an illustration, Workhorse is expected to rely on the manufacturing prowess of Lordstown Motors ( NASDAQ:RIDE) to fulfill its contractual obligations. Workhorse was the last remaining bidder pitching to build an all-electric fleet, and many supported USPS going this route. Readers should note that a sizable element of risk will still prevail over Workhorse even if it manages to win an additional contract for the electrification of the USPS. Today’s development appears to be the logical next step in this ongoing electrification push by US lawmakers.Īs we’ve detailed previously, the probability of Workhorse becoming a key node in the NGDV contract underpinned much of the stock’s gains in 2020, which at one point amounted to over 800 percent! The contract was considered a vital lifeline for Workhorse and was expected to reverse its accelerating cash burn problem. Following a sizable backlash, Postmaster General Louis DeJoy had told members of the House Appropriations Committee’s financial services and general government subcommittee that the USPS would procure additional electric vehicles if the Congress were to furnish more resources. However, to the consternation of many lawmakers, only 10 percent of that contract consisted of electric vehicles. While analysts had expected a part of the contract to go to Workhorse, that expectation did not materialize. Bear in mind that the USPS had awarded a 10-year Next-Generation Delivery Vehicle (NGDV) contract, worth at least $6 billion, to Oshkosh ( NYSE:OSK) back in February. ![]()
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