HAMBURG (Reuters) – Volkswagen (ETR:) plans to increase its electrical providing in the USA with a completely electrical pick-up and sports activities utility automobile below the Scout model, two folks with data of the matter mentioned on Wednesday.

The carmaker would make investments round 100 million euros ($105.52 million) within the new model, the folks mentioned, probably in search of exterior funding by means of traders or an IPO to increase its manufacturing capabilities.

The supervisory board will focus on the subject at a gathering afterward Wednesday. A Volkswagen spokesperson in the USA confirmed that the topic was on the agenda.

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