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Troubled Electric Van Maker Faces Investigation

October 18, 2021 Eric Sorensen
IEN Radio
Troubled Electric Van Maker Faces Investigation
Show Notes

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.