logo
Volkswagen considering new 4x4 based on Scout platform

Volkswagen considering new 4x4 based on Scout platform

Yahoo20-03-2025

Volkswagen had previously planned to launch a large electric off-roader on the MEB platform
Volkswagen could revive plans to launch a highly capable electric off-roader by using a new platform being developed by Scout Motors.
The American brand, inspired by the Scout range of Jeep-rivalling off-roaders made by International Harvester in the 1960s and 1970s, was launched by the Volkswagen Group in 2022 and is currently developing an SUV and a pick-up truck that will sit on a bespoke ladder-on-frame chassis.
Although part of the Volkswagen Group, Scout Motors is an independent company and has been conceived to act as a fast-moving start-up with a heavy focus on advanced technology.
The Terra pick-up and Traveler SUV will both be offered with electric and range-extender powertrains and will benefit from software developed by Volkswagen's new joint venture with Rivian. The models will be built at a new US plant under construction in South Carolina, and are due to be launched in around 2028.
The development of a bespoke ladder-on-frame chassis is necessary to give the Scout vehicles genuine Jeep Wrangler-rivalling off-road ability.
Scout technical boss Burkhard Huhnke told Autocar that the firm offered 'a chance for the Volkswagen Group to observe how a start-up would take on these challenges'.
He added: 'There is no body-on-frame platform in the entire group, so someone has to start. There is no body like that, EV like that, chassis like that, so we have to start from scratch.'
Asked how closely Wolfsburg is monitoring its investment, particularly in the ladder-on-frame chassis, Huhnke said: 'You never get money for free.'
Speaking about the challenge Scout faces, he said: 'Efficiency is key. I've taken the challenge to become a benchmark R&D organisation in the world, from a size and cost perspective. That is an interesting challenge appreciated by our sponsors as well. Of course, we are under observation.'
While Huhnke did not directly address the Volkswagen Group's interest in the ladder-on-frame chassis, sources suggest there is a desire to use it for further vehicles – although given the timelines for the Scout launch, any other models adopting the platform would not appear until at least the early 2030s.
In 2020, Autocar revealed plans by Volkswagen to launch a large electric off-roader. The vehicle, known internally as the ID Ruggdzz and set to use a variant of the MEB platform, would have served as a Defender-rivalling SUV. The model had been planned for a 2023 launch but was one of a number of models scrapped after a change in Volkswagen management. However, Autocar sources suggest Volkswagen is keen to revisit the concept of an electric off-roader, and the Scout chassis would be a natural fit.
Audi could also be interested in Scout's platform. As reported by Autocar in 2023, Audi is considering plans to launch its own 4x4 off-roader, with a model that could potentially be built alongside the two Scouts to make maximum use of the new plant's production capacity.
Scout boss Scott Keogh recently said the factory has been designed so it can produce models for other Volkswagen Group brands.
]]>

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Essential Air Service's funding might be cut
Essential Air Service's funding might be cut

Yahoo

time30 minutes ago

  • Yahoo

Essential Air Service's funding might be cut

PIERRE, S.D. (KELO) — The Trump administration wants to slash the budget for the federal Essential Air Service program and that could affect three of South Dakota's airports. State Transportation Secretary Joel Jundt briefed the South Dakota Aeronautics Commission about the situation. Roads flood in northeast SD, western MN The program currently is budgeted at $588 million, Jundt told the commission members on Thursday, and Trump wants to reduce the amount by $380 million. 'So that would be a fairly substantial cut relative to that program,' Jundt said. But, he pointed out, the U.S. House version of the reconciliation bill doesn't have that cut in it, while the U.S. Senate has yet to consider it. Jundt said airport managers at the three South Dakota cities that receive EAS subsidies — Watertown, Pierre and Aberdeen – have been in contact with U.S. Sen. John Thune and U.S. Sen. Mike Rounds asking that the cut not be supported. The Trump administration's 46-page outline says this about EAS: 'The EAS program funnels taxpayer dollars to airlines to subsidize half-empty flights from airports that are within easy commuting distance from each other, while also failing to effectively provide assistance to most rural air travelers. Spending on programs is out of control, more than doubling between 2021 and 2025. The Budget reins in EAS subsidies by proposing a mix of reforms to adjust eligibility and subsidy rates to help rural communities' air transportation needs in a more sustainable manner. This would save American taxpayers over $300 million from the 2025 level.' In other action Thursday, the South Dakota commission: Approved state 5% funding participation to accompany Federal Aviation Administration grants for airport projects at Canton, Faith, Vermillion, McLaughlin and Wall. Chose Bob Huggins of Sioux Falls as the panel's new chair. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Hibiscus Petroleum Berhad (KLSE:HIBISCS) Pays A RM00.01 Dividend In Just Four Days
Hibiscus Petroleum Berhad (KLSE:HIBISCS) Pays A RM00.01 Dividend In Just Four Days

Yahoo

time37 minutes ago

  • Yahoo

Hibiscus Petroleum Berhad (KLSE:HIBISCS) Pays A RM00.01 Dividend In Just Four Days

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Hibiscus Petroleum Berhad (KLSE:HIBISCS) is about to go ex-dividend in just four days. The ex-dividend date is usually set to be two business days before the record date, which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important as the process of settlement involves at least two full business days. So if you miss that date, you would not show up on the company's books on the record date. This means that investors who purchase Hibiscus Petroleum Berhad's shares on or after the 18th of June will not receive the dividend, which will be paid on the 18th of July. The company's next dividend payment will be RM00.01 per share, on the back of last year when the company paid a total of RM0.08 to shareholders. Last year's total dividend payments show that Hibiscus Petroleum Berhad has a trailing yield of 4.8% on the current share price of RM01.66. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to investigate whether Hibiscus Petroleum Berhad can afford its dividend, and if the dividend could grow. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. That's why it's good to see Hibiscus Petroleum Berhad paying out a modest 39% of its earnings. A useful secondary check can be to evaluate whether Hibiscus Petroleum Berhad generated enough free cash flow to afford its dividend. The good news is it paid out just 6.6% of its free cash flow in the last year. It's positive to see that Hibiscus Petroleum Berhad's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. View our latest analysis for Hibiscus Petroleum Berhad Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Businesses with shrinking earnings are tricky from a dividend perspective. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. With that in mind, we're discomforted by Hibiscus Petroleum Berhad's 11% per annum decline in earnings in the past five years. Such a sharp decline casts doubt on the future sustainability of the dividend. Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Hibiscus Petroleum Berhad has delivered an average of 34% per year annual increase in its dividend, based on the past four years of dividend payments. Has Hibiscus Petroleum Berhad got what it takes to maintain its dividend payments? Hibiscus Petroleum Berhad has comfortably low cash and profit payout ratios, which may mean the dividend is sustainable even in the face of a sharp decline in earnings per share. Still, we consider declining earnings to be a warning sign. While it does have some good things going for it, we're a bit ambivalent and it would take more to convince us of Hibiscus Petroleum Berhad's dividend merits. In light of that, while Hibiscus Petroleum Berhad has an appealing dividend, it's worth knowing the risks involved with this stock. Our analysis shows 2 warning signs for Hibiscus Petroleum Berhad and you should be aware of these before buying any shares. A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

USAID Official, Three Executives Plead Guilty In $550M Bribery Scheme
USAID Official, Three Executives Plead Guilty In $550M Bribery Scheme

Yahoo

timean hour ago

  • Yahoo

USAID Official, Three Executives Plead Guilty In $550M Bribery Scheme

A USAID contracting officer and three corporate executives have pleaded guilty to orchestrating a decade-long bribery scheme that secured over $550 million in federal contracts, the Justice Department announced on Thursday. Two companies involved, Apprio, Inc., and PM Consulting Group LLC (doing business as Vistant), admitted criminal liability and entered deferred prosecution agreements. Roderick Watson, 57, of Woodstock, Maryland, a former USAID contracting officer, admitted to accepting bribes to manipulate contract awards. Walter Barnes, 46, of Potomac, Maryland, owner and president of Vistant, and Darryl Britt, 64, of Myakka City, Florida, owner and president of Apprio, both pleaded guilty to conspiracy to commit bribery. Britt also pleaded guilty to securities fraud. Paul Young, 62, of Columbia, Maryland, president of a subcontractor to both companies, pleaded guilty to bribery conspiracy. Starting in 2013, Watson allegedly accepted bribes from Britt to steer USAID contracts to Apprio, a certified small business under the SBA 8(a) program, which aids disadvantaged firms with exclusive contracting opportunities. After Apprio graduated from the program in 2018, the scheme shifted, with Vistant becoming the prime contractor and Apprio a subcontractor on contracts Watson influenced through 2022. Britt and Barnes funneled bribes to Watson, often through Young, including cash, laptops, NBA suite tickets, a country club wedding, mortgage down payments, phones, and jobs for Watson's relatives. These were disguised via false payroll entries, shell companies, and fake invoices. Watson allegedly received over $1 million in bribes, using his position to recommend Apprio and Vistant for non-competitive awards, leak sensitive bidding information, provide favorable evaluations, and approve contract decisions. 'The defendants sought to enrich themselves at the expense of American taxpayers through bribery and fraud,' said Matthew R. Galeotti, Head of the Justice Department's Criminal Division. 'Their scheme violated the public trust by corrupting the federal government's procurement process.' In 2022, Barnes and Watson defrauded a small business investment company (SBIC) by securing a $14 million loan for Vistant, allowing Barnes a $10 million dividend. At Barnes' request, Watson endorsed Vistant's performance to the SBIC, omitting the bribery scheme and inducing the loan agreement. In 2023, Britt misled a private equity firm, also an SBIC, into purchasing a 20% stake in Apprio's parent company for $4 million and extending a $4 million loan, concealing his bribes to Watson. Apprio and Vistant admitted to bribery and securities fraud, agreeing to three-year deferred prosecution agreements. Both companies must cooperate with the Justice Department, implement compliance programs, and report on remediation efforts. The Justice Department determined that Apprio will pay a $500,000 civil settlement and Vistant $100,000 due to their inability to afford higher penalties without threatening their viability. 'Watson exploited his position at USAID to line his pockets with bribes in exchange for more than $550 million in contracts,' said IRS-Criminal Investigations Chief Guy Ficco. 'IRS-CI works to protect taxpayer dollars and ensure government funds are awarded based on merit — not corruption.' Watson faces up to 15 years in prison and is scheduled for sentencing on October 6. Barnes, Britt, and Young each face up to five years, with sentencing dates set for October 14, July 28, and September 3, respectively. 'Public trust is a hallmark of our nation's values, so corruption within a federal government agency is intolerable,' said U.S. Attorney Kelly O. Hayes for the District of Maryland.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store