barnyarddog
10 months ago
Scout Motors Inc. is an American automotive company operating as an independent subsidiary of Volkswagen Group. The brand was established in May 2022 to produce off-road capable electric vehicles. It operates independently and managed separately with its own executive team. Wikipedia
Parent organization: Volkswagen Group
Headquarters: Tysons, Virginia, United States
Owner: Volkswagen Group
Founded: May 11, 2022
https://www.scoutmotors.com/
March 3, 2023
Richland County, South Carolina
Scout Motors selects South Carolina for production site; plans to create 4,000 jobs
Scout Motors Inc. (βScoutβ) is establishing its first manufacturing plant in Blythewood, which is
near Columbia, South Carolina. At the Richland County site, the company will build all-electric,
next-generation trucks and rugged SUVs harkening back to the iconic Scout vehicles produced
from 1960 to 1980. The companyβs $2 billion investment has the potential to create 4,000 or
more permanent jobs. At full capacity, more than 200,000 Scout vehicles may be produced
annually at the facility.
Bountiful_Harvest
2 years ago
Porsche IPO, planned for late September - Volkswagen shares up on Porscheβs $70.1 billion to $75.1 billion valuation:
https://www.reuters.com/business/autos-transportation/exclusive-volkswagen-targets-70-75-bln-eur-valuation-planned-porsche-ipo-2022-09-18/
https://www.cnbc.com/2022/09/18/volkswagen-targets-70point1-billion-to-75point1-billion-valuation-in-planned-porsche-ipo.html
KEY POINTS:
* Volkswagen is targeting a valuation of $70.1 billion to $75.1 billion for luxury sportscar maker Porsche.
* Volkswagen was expected to announce the pricing range of the Porsche IPO, planned for late September or early October, later in the evening.
βThe Porsche IPO will most likely be a success... investors are queuing up. If the Porsche IPO goes well, one could imagine placing other parts [of Volkswagen] such as Audi on the stock exchange,β auto expert Arndt Ellinghorst of data analytics firm QuantCo said.