Buyer Found for G.M. Plant in Lordstown, and Trump Cites His Role [The New York Times]
Workhorse Group, Inc. (WKHS)
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Source: The New York Times
Buyer Found for G.M. Plant in Lordstown, and Trump Cites His Role - The New York Times It has all the elements of a classic Trump tale: intervention with an otherwise heartless company, a saved factory in the heartland, and assurances that old-school manufacturing would be preserved. On Wednesday, the factory in question was the General Motors plant in Lordstown, Ohio. Mr. Trump announced that it was being sold to a little-known maker of electric vehicles, Workhorse Group, and that G.M. was making a new investment in the state. “I have been working nicely with GM to get this done,” he wrote on Twitter But for all the seemingly good news in Ohio, which has been hit hard by the loss of manufacturing , the president’s record in delivering on such deals suggests that caution is warranted. He helped persuade Carrier to keep a factory in Indianapolis open in 2016, but the company still cut roughly half of the at stake there. In 2017, he said Foxconn, a Taiwanese electronics supplier, woul
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WKHS
News
- Workhorse Q3 Earnings Miss Estimates, Revenues Decline Y/Y [Yahoo! Finance]Yahoo! Finance
- Workhorse Group Inc. (NASDAQ: WKHS) had its price target raised by analysts at TD Cowen from $0.25 to $1.25. They now have a "hold" rating on the stock.MarketBeat
- Workhorse Group Inc (WKHS) Q3 2024 Earnings Call Highlights: Strategic Partnerships and Cost ... [Yahoo! Finance]Yahoo! Finance
- Workhorse Group GAAP EPS of -$0.98 misses by $0.15, revenue of $2.51M misses by $2.17M [Seeking Alpha]Seeking Alpha
- Workhorse Group (WKHS) Reports Q3 Loss, Misses Revenue Estimates [Yahoo! Finance]Yahoo! Finance
WKHS
Earnings
- 11/19/24 - Miss
WKHS
Sec Filings
- 11/19/24 - Form 10-Q
- 11/19/24 - Form 8-K
- 11/19/24 - Form 8-K
- WKHS's page on the SEC website