Workhorse Charts New Course Following Strategic Merger

The landscape for Workhorse has been fundamentally reshaped with the finalization of its merger with Motiv Electric Trucks. This pivotal move, completed on December 15, 2025, marks the beginning of a concerted push to capture a significant share of the North American market for commercial electric vehicles. The company now possesses a more specialized fleet and fresh capital, though questions linger regarding whether its liquidity can support the planned production ramp-up.

A cornerstone of the post-merger strategy is a reinforced financial foundation. Workhorse has secured access to credit facilities totaling up to $50 million. This framework comprises a $10 million revolving credit line, with an additional $40 million earmarked specifically for supply chain costs. On the operational front, the company’s manufacturing facility in Union City, Indiana, currently boasts an annual production capacity of 5,200 vehicles.

In a move to solidify leadership following the integration, the board has set the base salary for CEO Scott Griffith at $600,000.

Should investors sell immediately? Or is it worth buying Workhorse?

Strategic Emphasis on Cost Leadership

Under Griffith’s direction, the consolidated company is sharply focusing its efforts on medium-duty electric trucks and buses. Central to this plan is the integration of the W56 platform. Griffith recently highlighted that operating the combined fleets could yield savings exceeding 60% in fuel and maintenance compared to traditional internal combustion engine vehicles. Establishing this cost efficiency is declared the core strategic objective for the 2026 fiscal year.

Market Performance and Forthcoming Catalysts

Workhorse shares concluded the previous trading session at $4.85. Investor attention is now turning toward two key near-term milestones. The first is the anticipated release of the company’s fourth-quarter 2025 financial results, expected on March 30, 2026. Subsequently, market participants will closely monitor the operational scaling of the W56 series throughout the year, which is viewed as a critical test for the success of the new corporate structure.