Truck parking reservations are now available through popular facility rating app Dock411, plus, more on the Celadon closure, drone safety a focus of working group and Virginia considers a fuel tax hike.
General Motors Co. confirmed the sale of its shuttered Lordstown Assembly complex in northeast Ohio to startup Lordstown Motors Corp., which plans to build a battery-powered electric pickup truck focused on fleet customers.
Electric truck maker Workhorse Inc. is selling its Surefly flying car project to aerospace and defense contractor Moog Inc. for $4 million and forming a joint venture with Moog to boost its truck-based drone delivery efforts.
Cowen analyst Jeffrey Osborne has raised his estimate for Workhorse Group Inc. shares from $2.00 to $4.00 based on the company beginning production in the fourth quarter of more than 1,100 lightweight electric-powered NGEN vans.
For the first time, Workhorse Group is tying the possibility of a huge contract with the U.S. Postal Service to the acquisition of General Motors Lordstown, Ohio assembly complex.
The saga of the closed General Motors Lordstown plant continued with Vice President Mike Pence erroneously declaring that Workhorse Group Inc. had secured funding to buy the plant.
GM closed its Lordstown Complex on March 5, 2019, but it could see new life as the company is negotiating with Workhorse, which would build electric pickups in the facility.
