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Volkswagen Plans To Build Own US Plant For Scout Brand: Report – Volkswagen (OTC:VWAGY) – Stocks to Watch
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Volkswagen Plans To Build Own US Plant For Scout Brand: Report – Volkswagen (OTC:VWAGY)

ByShivani Kumaresan

Feb 24, 2023
Volkswagen Plans To Build Own US Plant For Scout Brand: Report - Volkswagen (OTC:VWAGY)

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  • Volkswagen AG VWAGY is reportedly planning to build a production plant in the U.S. for its new Scout brand, avoiding partner collaboration.

  • In May 2022, the automaker announced plans to reintroduce the Scout off-road brand by creating a separate, independent company to build Scout trucks and SUVs beginning in 2026, Reuters reported.

  • Also Read: German Court Says Volkswagen’s Emission Software is Faulty

  • The company is also expanding its plant in Chattanooga, Tennessee, to produce the ID. Buzz. 

  • The report further quoted a company spokesperson that a decision on whether to open a plant for Scout had not yet been made, but that production was still due to commence in 2026.

  • Also Read: Volkswagen Eyes Battery Cell Plant In Ontario

  • Price Action: VWAGY shares are trading lower by 3.94% at $17.18 on the last check Friday.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Image and article originally from www.benzinga.com. Read the original article here.

Shivani Kumaresan

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