In order to realize the plan to rebuild the VW Scout, the German car manufacturer has invested 100 million euros.
It also stated that Volkswagen could seek external funding through investors or an IPO to expand their production capabilities.
“Electrification provides a historic opportunity to enter the US pick-up market and underscores VW’s ambition to become a relevant player in the US market,” said VW Group Chief Executive Herbert Diess.
Note that VW last sold a pickup in the United States market in the early 1980s.
Previously, Scout and Travelall were created by International Harvester. Harvester stopped building Scout and Travelall in 1980 after the company underwent a restructuring.