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Fast-growing e.GO Mobile will use MEB to “bring e-vehicles to market that complement Volkswagen’s model offering,” the automaker said.

“We can get better synergies out of the group,” CEO Bram Schot said.

Jeep is an attractive target, but he also sees GM as a good fit and Jaguar Land Rover as a possibility, sources told Bloomberg.

Ford is in the midst of updating all of its commercial vehicles as executives place increased emphasis on profitable nameplates.