Volkswagen Group plans to revive the Scout off-road badge to grab a greater share of the booming U.S. light-truck market.
VW Group plans to introduce a new Scout electric SUV and electric pickup, The Wall Street Journal reported.
Scout will operate as a separate unit of VW Group in the U.S. alongside the company's other brands, the paper said.
VW is prepared to initially invest $1 billion in the Scout project, the Journal said, and would later seek other investors.
VW Group is one of the biggest global automakers, but it has a relatively small U.S. sales footprint that has tilted toward an expanded light-truck lineup in recent years,
The automaker, which gained a following in the U.S. with the Microbus and Beetle, has struggled with how to enter the U.S. pickup market, long dominated by the Detroit 3. It also lacks a bonafide off-road SUV such as the Jeep Wrangler or Land Rover Defender.