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September 22 (Reuters) – Electric vehicle company Workhorse Group (WKHS.O) on Wednesday said it would suspend deliveries of its flagship C-1000 electric van and recall 41 vehicles it had previously delivered, bringing down its shares by almost 7%.
Further testing and modifications to existing vehicles were needed to certify its C-1000 vehicles to Federal Motor Vehicle Safety Standards (FMVSS), Workhorse said. He plans to complete testing in the fourth quarter.
The company also filed a report with the National Highway Traffic Safety Administration (NHTSA).
Workhorse said it had not received any reports from customers regarding safety issues in any of the previously delivered C-1000 vehicles.
Last week, Workhorse voluntarily dismissed its legal challenge to a U.S. Postal Service (USPS) decision to award Oshkosh (OSK.N) a multibillion-dollar contract for delivery vehicles.
Report by Akanksha Rana in Bengaluru; Editing by Maju Samuel
Our Standards: Thomson Reuters Trust Principles.
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