Keogh pointed to US investment funds focused on what he called the country’s “industrial renaissance”, without naming specific investors.Volkswagen’s US brand Scout was designed from the start to pursue a potential stock market listing or to allow strategic investors to take a stake, its CEO Scott Keogh told daily Handelsblatt, as it explores new funding options.
Scout was deliberately set up as a stand-alone entity, Keogh said. Outside capital was “an option that is on the table”, Keogh said in the interview with the German business newspaper
Keogh pointed to US investment funds focused on what he called the country’s “industrial renaissance”, without naming specific investors.
Volkswagen wants to use Scout to increase its small US market share, but internal doubts have grown over launching a new electric unit at a time of weakening demand, Handelsblatt said.
Keogh said that the bet on robust trucks and SUVs with so-called range extenders had paid off, adding that 87 per cent of more than 170,000 pre-orders were for that drive type, according to the paper.
Production of a new Audi model on Scout’s flexible platform was also possible, Keogh told the paper
