Volkswagen Weighs Foxconn Partnership to Aid American EV Push

Volkswagen Weighs Foxconn Partnership to Support American EV Push

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Volkswagen AG might faucet Taiwan’s Foxconn Expertise Group to make electrical pickups and sport utility automobiles within the U.S., in accordance with an individual accustomed to the matter, because the German carmaker weighs partnerships to help its North American enlargement.

VW is in talks with Foxconn about cooperating on a manufacturing unit to make fashions for its rugged Scout model, mentioned the individual, who requested to not be named as a result of the discussions are personal. Alternate options embrace partnering with Magna Worldwide Inc.’s Magna Steyr and — because the least possible possibility — VW constructing a manufacturing unit by itself, the individual mentioned.

Volkswagen is “very proud of the progress that Scout is making, and the passion they’re already in a position to spark,” the corporate mentioned in a press release, declining to remark additional. Foxconn didn’t instantly reply to requests for remark exterior common enterprise hours.

Europe’s greatest carmaker is reviving the dormant off-road automobile Scout model to raised compete within the profitable U.S. pickup and SUV market, however it’s working late. The Germans plan to unveil prototypes subsequent 12 months and start manufacturing in 2026 — years behind related fashions from Ford Motor Co., Basic Motors Co. and Rivian Automotive Inc. Success on the earth’s second-biggest auto market has eluded the producer due to an absence of bigger fashions standard with U.S. drivers.

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Foxconn, the first assembler of iPhones for Apple Inc., has been seeking to develop within the fast-growing EV market. The corporate final 12 months unveiled its first electrical idea vehicles and in Could accomplished a transaction to amass a Lordstown Motors Corp. manufacturing unit in Ohio for $230 million. It’s additionally concerned in Saudi Arabia’s bid to construct up a neighborhood EV business.

VW’s former CEO Herbert Diess was an outspoken proponent of reviving Scout, regardless that the transfer provides one more model to its steady of nameplates that additionally embrace Audi, Porsche and Bentley. His successor Oliver Blume has began to re-evaluate a few of Diess’s selections, together with delaying a key EV mission by at the very least two years after software program fumbles, Bloomberg reported this month.

Whereas gross sales for VW’s principal model within the U.S. climbed 15% to about 375,000 items final 12 months, that’s nonetheless a far cry from the greater than half 1,000,000 automobiles the corporate delivered through the late Nineteen Sixties and early ’70s, when its Beetle and minibus proved standard. Blume recognized success within the North American market as considered one of his 10 priorities after taking up from Diess in September.

Scout automobiles competed with the Ford Bronco and Land Rover and Jeep fashions from the Nineteen Sixties till the enterprise ceased manufacturing in 1980. VW purchased the title as a part of its acquisition of Navistar Worldwide Corp. in 2020.

Automobilwoche reported on the talks earlier Nov. 29.

With help from Debby Wu.

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