AMP Holding Inc., through a newly formed subsidiary, Amp Trucks Inc., has completed the previously announced definitive agreement to acquire the Workhorse brand, logo, IP, patents, and assembly plant from Workhorse Custom Chassis LLC, a wholly owned affiliate of Navistar International Corporation and has taken possession of the assembly plant.
The Union City, Ind., assembly plant has the capacity to produce up to 30,000 chassis per year. AMP plans to produce step vans and other vehicle types for the North American medium-duty, commercial truck market at the facility.
AMP will manufacture its all-electric Workhorse chassis along with gasoline-powered, and alternative-fuel powered models and will be sold and supported through the existing Workhorse network of 440 dealers. This acquisition positions AMP as the first truck OEM in the United States to offer medium-duty commercial-grade electric, gasoline, propane, hybrid, and CNG vehicles.
“We look forward to owning Workhorse, a highly respected brand, and having the opportunity to install our electric power train in a well-proven chassis and, at the same time, continuing to satisfy the needs of long-standing Workhorse customers,” says Jim Taylor, AMP’s chairman.
About AMP Holding Inc.
AMP Holding is the parent company of Amp Electric Vehicles, a manufacturer of electric drive systems for medium-duty class commercial truck platforms. AMP Electric Vehicles Inc., was founded in 2007 by entrepreneurs who have created several hi-tech companies. The AMP team is comprised of top automotive industry veterans and business executives. AMP has been focused on the electrification of fleet vehicles, including medium-duty class 3-6 trucks and vans. Over the past several years, the company’s vehicle electrification technology has provided new solutions to America’s energy demands. For more information, visit www.ampelectricvehicles.com.