Electric vehicle maker Workhorse this week issued a series of announcements with major implications for its stock price.
The Sharonville, Ohio-based company on Wednesday revealed that it had avoided action from the U.S. Securities and Exchange Commission after battling the agency’s accusations of fraud for over a year.
The firm also announced it was scrapping its C1000 electric delivery van line in favor of heavier focus on its W4 CC, W750 and W56 models, the latter of which is slated to enter...