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.