AMP Finalizes Workhorse Chassis Acquisition
AMP Holding Inc., through a newly formed subsidiary, Amp Trucks Inc., has completed the acquisition of the Workhorse brand, logo, IP, patents and assembly plant from Workhorse Custom Chassis LLC, a wholly owned affiliate of Navistar International Corp. and has today (March 14) 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-ans 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.
AMP Chairman Jim Taylor said, “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.”