AMP closes deal for Navistar’s Workhorse brand
AMP Holding Inc. Thursday completed the acquisition of the Workhorse brand, logo, IP, patents, and assembly plant from Workhorse Custom Chassis, LLC, an affiliate of Navistar.
Workhorse’s Union City, Ind. assembly plant has the capacity to produce up to 30,000 chassis per year, and AMP plans to produce Step-Vans and other vehicle types for the North American medium-duty, commercial truck market there.
AMP, a manufacturer of electric drive systems for medium-duty commercial truck platforms, says the company plans to produce electric, gasoline and alternative fuel powered Workhorse models, which will be sold and supported through the existing Workhorse network of 440 dealers.
“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,” AMP Chairman Jim Taylor says.
Through the acquisition, AMP becomes the first truck OEM in the U.S. to offer medium-duty commercial-grade electric, gasoline, propane, hybrid and CNG vehicles.