11/28 Volkswagen planning new North America factory for electric vehicles
RE
News Summary Most relevant All news Official Publications Sector news Tweets MarketScreener Strategies
Volkswagen planning new North America factory for electric vehicles
1/28/2018 | 09:52pm EST
Scott Keogh, CEO of Volkswagen of America, speaks during a Volkswagen press conference at the Los Angeles Auto Show in Los Angeles
LOS ANGELES (Reuters) - Volkswagen is deciding where to locate a new factory in North America to build electric vehicles for the U.S. market, the German automaker's new head for the Americas said on Wednesday.
Scott Keogh, the newly appointed CEO of Volkswagen Group of America, said a new plant was needed to build a vehicle yet to be revealed under the Volkswagen brand, priced between $30,000-$40,000, that is due in 2020.