HAMBURG (Reuters) – Volkswagen plans to expand its electric offering in the United States with a fully electric pick-up and sports utility vehicle under the Scout brand, two people with knowledge of the matter said on Wednesday.
The carmaker would invest around 100 million euros ($105.52 million) in the new brand, the people said, potentially seeking external funding through investors or an IPO to expand its production capabilities.
The supervisory board will discuss the topic at a meeting later on Wednesday. A Volkswagen spokesperson in the United States confirmed that the subject was on the agenda.
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(Reporting by Jan Schwartz, David Shepardson; Writing by Victoria Waldersee)
