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VW to challenge Rivian, Ford with electric Scout SUV

By Jan Schwartz and David Shepardson HAMBURG/WASHINGTON (Reuters) -Volkswagen plans to expand its electric in vehicle range the United States with a fully electric pick-up and...
VW to challenge Rivian, Ford with electric Scout SUV © Reuters. FILE PHOTO: Volkswagen logo is pictured at the 2022 New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Brendan McDermid

By Jan Schwartz and David Shepardson

HAMBURG/WASHINGTON (Reuters) -Volkswagen plans to expand its electric in vehicle range 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.

VW's supervisory board will "decide on the topic" at a meeting later on Wednesday, a VW spokesperson confirmed, and said an update was planned later on Wednesday.

Scout and Travelall vehicles made by International Harvester were forerunners in both function and style of popular SUVs from the Big Three Detroit automakers such as the Ford Bronco and General Motors (NYSE:GM)' Chevrolet Suburban.

Harvester stopped building the Scout and Traveall in 1980 after the oil price shocks of the mid-1970s as it went through a restructuring.

But the Scout "look" lives on in vehicles such as Ford's current Bronco and electric vehicle start up Rivian‘s R1 pickup and SUV line.

The Wall Street Journal reported on Tuesday that VW hopes to eventually sell up to 250,000 Scout-branded vehicles annually in the United States and begin production in 2026.

VW first disclosed it was considering using the Scout name late last year. The German automaker's Traton SE business acquired U.S. truck maker Navistar (NYSE:NAV) in 2020, which owns the Scout name.

GM in 2020 said it would resurrect the Hummer name to build EV SUVs and pickup trucks and through March 31 has delivered 100 Hummer EV pickups in the United States.

($1 = 0.9477 euros)

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28-05-2022 01:38:21 (UTC+7)

EUR/USD

1.0726

+0.0002 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

EUR/USD

1.0726

+0.0002 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

GBP/USD

1.2621

+0.0027 (+0.21%)

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↑ Buy

Moving Avg:

Buy (12)

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Buy (7)

Sell (1)

USD/JPY

127.10

-0.04 (-0.04%)

Summary

Neutral

Moving Avg:

Buy (6)

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AUD/USD

0.7154

+0.0056 (+0.79%)

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USD/CAD

1.2729

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Sell (12)

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Buy (1)

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EUR/JPY

136.32

-0.02 (-0.01%)

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EUR/CHF

1.0271

-0.0017 (-0.17%)

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Gold Futures

1,851.31

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Silver Futures

22.128

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Copper Futures

4.3163

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Crude Oil WTI Futures

114.77

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115.18

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Natural Gas Futures

8.724

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US Coffee C Futures

228.65

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Buy (2)

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Sell (8)

Euro Stoxx 50

3,808.86

+68.55 (+1.83%)

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Buy (9)

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Buy (9)

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S&P 500

4,133.30

+75.46 (+1.86%)

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DAX

14,462.19

+230.90 (+1.62%)

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FTSE 100

7,585.46

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20,697.36

+581.16 (+2.89%)

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US Small Cap 2000

1,882.25

+39.40 (+2.14%)

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IBEX 35

8,933.60

+44.80 (+0.50%)

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BASF SE NA O.N.

51.110

+0.320 (+0.63%)

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Neutral

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Bayer AG NA

66.58

+0.68 (+1.03%)

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Allianz SE VNA O.N.

200.20

+1.40 (+0.70%)

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Buy (8)

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Adidas AG

179.96

+3.20 (+1.81%)

Summary

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Buy (11)

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Deutsche Lufthansa AG

6.881

+0.031 (+0.45%)

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↑ Buy

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Buy (7)

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Siemens AG Class N

121.86

+3.34 (+2.82%)

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Buy

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Deutsche Bank AG

10.392

-0.022 (-0.21%)

Summary

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Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (6)

 EUR/USD1.0726↑ Buy
 GBP/USD1.2621↑ Buy
 USD/JPY127.10Neutral
 AUD/USD0.7154↑ Buy
 USD/CAD1.2729↑ Sell
 EUR/JPY136.32↑ Buy
 EUR/CHF1.0271Neutral
 Gold1,851.31Buy
 Silver22.128↑ Buy
 Copper4.3163↑ Buy
 Crude Oil WTI114.77Sell
 Brent Oil115.18↑ Sell
 Natural Gas8.724↑ Buy
 US Coffee C228.65↑ Sell
 Euro Stoxx 503,808.86↑ Buy
 S&P 5004,133.30↑ Buy
 DAX14,462.19↑ Buy
 FTSE 1007,585.46Sell
 Hang Seng20,697.36↑ Buy
 Small Cap 20001,882.25↑ Buy
 IBEX 358,933.60↑ Buy
 BASF51.110Neutral
 Bayer66.58↑ Buy
 Allianz200.20↑ Buy
 Adidas179.96↑ Buy
 Lufthansa6.881↑ Buy
 Siemens AG121.86Buy
 Deutsche Bank AG10.392↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,830/ 6,940
(0/ 0) # 1,716
SJC HCM6,855/ 6,955
(0/ 0) # 1,731
SJC Hanoi6,855/ 6,957
(0/ 0) # 1,733
SJC Danang6,855/ 6,957
(0/ 0) # 1,733
SJC Nhatrang6,855/ 6,957
(0/ 0) # 1,733
SJC Cantho6,855/ 6,957
(0/ 0) # 1,733
Cập nhật 28-05-2022 01:38:24
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ↀ Giá vàng thế giới
$1,853.50+0.590.03%
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Sản phẩmVùng 1Vùng 2
RON 95-V31.25031.870
RON 95-III30.65031.260
E5 RON 92-II29.63030.220
DO 0.05S25.55026.060
DO 0,001S-V26.35026.870
Dầu hỏa 2-K24.40024.880
ↂ Giá dầu thô thế giới
WTI$113.55-0.57-0.50%
Brent$114.99-0.55-0.48%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.030,0023.340,00
EUR24.263,1125.622,23
GBP28.523,9629.740,84
JPY177,60188,03
KRW15,9119,38
Cập nhật lúc 18:54:46 27/05/2022
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