Volkswagen Scout Brand Considers Stock Market Listing
Volkswagen's Scout brand is considering a stock market listing to attract outside capital. CEO Scott Keogh says the unit was designed for potential investment.
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VOLKSWAGEN AG is exploring a stock market listing or strategic investment for its Scout brand to fund growth in the United States. Scout CEO Scott Keogh told Handelsblatt the unit was designed as a stand-alone entity to attract outside capital. The move seeks to capitalize on 170,000 pre-orders and expand market share despite cooling global demand for electric vehicles.
