HomeTop StoriesVolkswagen's board discusses two new plants in North America at a meeting

Volkswagen’s board discusses two new plants in North America at a meeting

HAMBURG (Reuters) -Volkswagen’s supervisory board will discuss plans on Friday for two new plants in North America, a production plant and a battery cell plant, two people familiar with the matter said.

While the commission is expected to approve a site for the Scout brand in the United States, discussions around a gigafactory are open, the sources said. Other topics on the meeting’s agenda include Volkswagen’s annual results and dividend, the people said.

A person familiar with the matter said earlier this week that the supervisory board would discuss a new factory for the Scout brand, which is an important part of Volkswagen’s goal of gaining 10% market share in the United States.

Separately, Volkswagen CEO Oliver Blume said in December that the automaker had begun looking for a location for a battery cell plant in North America, and adding Canada was “a logical option” because of its raw material resources.

“We are still working hard to find a suitable location for our first gigafactory in North America and are having good, constructive talks,” a Volkswagen spokesman said Friday, adding that no decision has yet been made.

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(Reporting by Jan Schwartz; Writing by Christoph Steitz, editors bz Miranda Murray and Matthias Williams)

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