![]() ![]() “We have been conducting a deep and intensive overview of all aspects of our business, including an examination of the history of our USPS bid and subsequent protest filing,” said Workhorse CEO Rick Dauch, who joined the company after it filed its lawsuit. The company-which makes electric vehicles-said it is now pursuing other business opportunities, potentially to include future dealings with USPS as the agency seeks to ramp up its use of plug-in cars and trucks. ![]() Court of Federal Claims was set to hear oral arguments on the case, Workhorse dropped its suit. On Tuesday evening, less than 24 hours before the U.S. Workhorse Group, a much smaller company and also a finalist for the contract, sued USPS in June over the decision. In February, USPS awarded its fleet replacement contract for the manufacturing of at least 50,000 and up to 165,000 vehicles to Oshkosh Defense. ![]() Postal Service to reconsider its award of a potentially multi-billion dollar fleet replacement contract to another company. Most current delivery vehicles do not have air conditioning or modern safety features.Ī 2020 report said USPS spent $706.2 million in maintenance costs for 141,057 delivery vehicles.A vehicle manufacturer has dropped a lawsuit that had sought to force the U.S. New USPS vehicles will include air conditioning and heating, improved ergonomics, and advanced vehicle safety technology including air bags and 360-degree cameras. government’s fleet of roughly 650,000 vehicles with electric models and has called for funding to electrify the fleet. In January, President Joe Biden vowed to replace the U.S. He added that the USPS needs about $8 billion to electrify the new fleet to the "maximum extent" feasible. Postmaster General Louis DeJoy has committed to at least 10% of the fleet being electric vehicles but he said in a letter in March to lawmakers that with government assistance the USPS could commit to making a majority of the fleet electric within 10 years. House Oversight and Reform Committee voted to authorize $8 billion for USPS. Oshkosh Defense declined to comment on Workhorse's protest but said it looks "forward to getting these highly capable vehicles into the hands of mail carriers." Shares closed up 5.3% in heavier than normal trading. Reuters reported the planned bid challenge earlier Wednesday sending its shares up more than 10%. Workhorse said in a statement it could not disclose further details "but will provide updates when appropriate and as permitted under its non-disclosure agreement." A judge will likely unseal a version of the complaint in the coming weeks. USPS declined to comment on the challenge but said "preproduction design, tooling and facility preparation are proceeding on schedule with the first (next generation delivery vehicles) estimated to appear on carrier routes in 2023." Workhorse had proposed building an all-electric vehicle fleet for USPS and has support of many U.S. It allows for delivery over 10 years of between 50,000 and 165,000 of a mix of internal combustion-powered and battery-electric vehicles. The contract could be worth more than $6 billion in total. Postal Service (USPS) decision in February to award a multibillion-dollar, 10-year contract to Oshkosh Defense (OSK.N) to manufacture a new generation of postal delivery vehicles. ![]() WASHINGTON, June 16 (Reuters) - Electric vehicle company Workhorse Group (WKHS.O) filed a legal challenge on Wednesday to the U.S. ![]()
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