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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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25-05-2022 04:22:14 (UTC+7)

EUR/USD

1.0733

-0.0001 (-0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

EUR/USD

1.0733

-0.0001 (-0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

GBP/USD

1.2532

+0.0003 (+0.02%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

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Buy (4)

Sell (3)

USD/JPY

126.86

+0.06 (+0.05%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Buy (8)

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AUD/USD

0.7107

+0.0004 (+0.06%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

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USD/CAD

1.2816

-0.0001 (-0.00%)

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EUR/JPY

136.15

+0.04 (+0.03%)

Summary

Neutral

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EUR/CHF

1.0309

+0.0001 (+0.01%)

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Gold Futures

1,865.50

+17.70 (+0.96%)

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Buy

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Silver Futures

22.115

+0.392 (+1.80%)

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Neutral

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Copper Futures

4.3133

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Crude Oil WTI Futures

110.26

-0.03 (-0.03%)

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Brent Oil Futures

110.94

-0.01 (-0.01%)

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Neutral

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Natural Gas Futures

8.875

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US Coffee C Futures

213.83

-1.92 (-0.89%)

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Buy (7)

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Euro Stoxx 50

3,647.56

-60.83 (-1.64%)

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Neutral

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S&P 500

3,941.48

-32.27 (-0.81%)

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Neutral

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DAX

13,919.75

-255.65 (-1.80%)

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FTSE 100

7,484.35

-29.09 (-0.39%)

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Hang Seng

20,112.10

-357.96 (-1.75%)

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↑ Buy

Moving Avg:

Buy (12)

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Buy (7)

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US Small Cap 2000

1,768.22

-24.55 (-1.37%)

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↑ Buy

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IBEX 35

8,631.20

+5.40 (+0.06%)

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Moving Avg:

Buy (12)

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Sell (0)

BASF SE NA O.N.

48.755

-0.980 (-1.97%)

Summary

↑ Buy

Moving Avg:

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Sell (4)

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Bayer AG NA

63.29

-1.18 (-1.83%)

Summary

Neutral

Moving Avg:

Buy (6)

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Allianz SE VNA O.N.

197.86

-1.52 (-0.76%)

Summary

Sell

Moving Avg:

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Adidas AG

171.20

-4.28 (-2.44%)

Summary

Neutral

Moving Avg:

Buy (6)

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Sell (4)

Deutsche Lufthansa AG

6.496

-0.407 (-5.90%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

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Buy (9)

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Siemens AG Class N

114.20

-2.50 (-2.14%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

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Deutsche Bank AG

10.084

+0.066 (+0.66%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (6)

 EUR/USD1.0733↑ Sell
 GBP/USD1.2532Buy
 USD/JPY126.86↑ Buy
 AUD/USD0.7107↑ Sell
 USD/CAD1.2816↑ Sell
 EUR/JPY136.15Neutral
 EUR/CHF1.0309↑ Sell
 Gold1,865.50Buy
 Silver22.115Neutral
 Copper4.3133↑ Buy
 Crude Oil WTI110.26↑ Buy
 Brent Oil110.94Neutral
 Natural Gas8.875↑ Buy
 US Coffee C213.83↑ Buy
 Euro Stoxx 503,647.56Neutral
 S&P 5003,941.48Neutral
 DAX13,919.75↑ Sell
 FTSE 1007,484.35Sell
 Hang Seng20,112.10↑ Buy
 Small Cap 20001,768.22↑ Buy
 IBEX 358,631.20↑ Buy
 BASF48.755↑ Buy
 Bayer63.29Neutral
 Allianz197.86Sell
 Adidas171.20Neutral
 Lufthansa6.496↑ Buy
 Siemens AG114.20↑ Buy
 Deutsche Bank AG10.084↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,900/ 6,990
(0/ 0) # 1,765
SJC HCM6,900/ 6,990
(0/ 0) # 1,764
SJC Hanoi6,900/ 6,992
(0/ 0) # 1,766
SJC Danang6,900/ 6,992
(0/ 0) # 1,766
SJC Nhatrang6,900/ 6,992
(0/ 0) # 1,766
SJC Cantho6,900/ 6,992
(0/ 0) # 1,766
Cập nhật 25-05-2022 04:22:16
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ↀ Giá vàng thế giới
$1,866.42+12.650.68%
Live 24 hour Gold Chart
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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
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WTI$109.59-0.55-0.50%
Brent$111.28-0.02-0.02%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.040,0023.350,00
EUR24.230,6125.587,89
GBP28.221,9329.425,91
JPY177,16187,56
KRW15,8619,33
Cập nhật lúc 18:54:49 24/05/2022
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