The latest update is out from Workhorse Group (WKHS).
On June 12, 2024, a company announced its strategic move to divest its Aero business, which is expected to save $375,000 monthly and allow a sharper focus on its commercial electric vehicle truck operations. Additionally, the deal includes an earn-out provision, potentially yielding further proceeds from the Aero business based on future revenues. The company is also collaborating with Kingsburg Truck Sales to strengthen its market position.
See more insights into WKHS stock on TipRanks’ Stock Analysis page.
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