![]() Workhorse said it expects to provide a production forecast early next year, even going so far as to promise delivery of “best-in-class vehicles for the commercial electric vehicle market starting in 2023.” ![]() The company is performing additional testing of the current truck design, which Dauch said is presently “not robust nor is it profitable.” What’s more likely to happen is that Workhorse will scrap it and reconfigure the van’s design altogether, something the company said it might do back in August. Workhorse CEO Rick Dauch admitted on Tuesday that, aside from federal safety issues, the C-1000 just might not be up to the task of heavy duty deliveries. The company was forced to suspend sales in order to complete testing, recall all of the vehicles and slow production to two trucks per week. Workhorse sold 41 vans this year before it had finished ensuring the design was in compliance with federal safety standards set by the National Highway Transportation and Safety Administration (NHTSA). Revenue is also in the negative to the tune of $576,600, which is largely related to refunds issued to customers who had their C-1000 cargo delivery vans recalled due to safety issues. During the company’s third-quarter earnings call, Workhorse reported an $81 million loss, blaming an increase in operating costs and a suspension of production due to recalls. Electric vehicle startup Workhorse Group is hemorrhaging money.
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