South Carolina's governor said he is going to ask lawmakers to approve nearly $1.3 billion to bring to the state a new electric vehicle plant by a Volkswagen Group-backed group trying to revive a brand that was a 1960s forerunner to today's SUVs.
Vietnamese automaker VinFast more than $1 billion in help for its first North American electric vehicle plant.
That appeared to work on Scout. Company officials said they wanted to act fast. They reached out to 74 potential sites across the country and South Carolina sealed the deal in two months, Scout Motors President Scott Keogh said. When fully running, Scout Motors hopes to be making 200,000 vehicles a year, exporting them around the world.
McMaster said adjusted for inflation, the investments made by states in foreign automakers that started making cars in the U.S. in the 1990s were similar.
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