New U.S. Manufacturing Companies Announced in March 2023: Volkswagen Reimagines Scout with New EV Plant: “A Hell of a Ride

URLhttps://www.industryselect.com/blog/new-us-manufac
Sourceindustryselect
Date Published03/29/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Scout Motors
Parent companyVolkswagen
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):4000
Year reshoring announced:2023
Capital investment ($):1500
Country(ies) from which reshored:Germany
City reshored to:Upstate region
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredEV trucks and rugged SUVs
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Manufacturing/engineering joint innovation (R&D), IRA
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