Workhorse Group, Motiv Electric Trucks Executed Definitive Merger Agreement
Workhorse Group and Motiv Electric Trucks are merging to create a leading North American medium-duty electric truck OEM. The $105 million deal aims to enhance operational efficiencies, increase scale, and offer a full range of Class 4-6 trucks. The merger is expected to provide cost savings, improved technology, and a strengthened financial profile.CEO Scott Griffith and advisor Rick Dauch express optimism for long-term growth and industry impact....
machineryasia
Workhorse Group and Motiv Electric Trucks are merging to create a leading North American medium-duty electric truck OEM. The $105 million deal aims to enhance operational efficiencies, increase scale, and offer a full range of Class 4-6 trucks. The merger is expected to provide cost savings, improved technology, and a strengthened financial profile.CEO Scott Griffith and advisor Rick Dauch express optimism for long-term growth and industry impact....
