Industryweek 7033 Vw Tenn Plant 1

Volkswagen Expanding US Footprint

July 14, 2014
VW's target to sell 800,000 cars in the US by 2018.

FRANKFURT -- Auto giant Volkswagen (IW 1000/7) said Monday it will invest $900 million to build a new sports utility vehicle (SUV) in Chattanooga, Tennessee from 2016.

"The Volkswagen group is expanding its industrial footprint in the U.S.," the carmaker said.

"The board of directors has decided to award the production of the new midsize SUV to the Chattanooga plant in Tennessee. The group will be investing a total of approximately $900 million in the production of a newly developed, seven-passenger SUV, and creating 2,000 additional jobs in the U.S.," the statement said.

The new car is to begin rolling off assembly lines in 2016.

Chief executive Martin Winterkorn reiterated VW's target to sell 800,000 cars in the US by 2018.

Copyright Agence France-Presse, 2014

Popular Sponsored Recommendations

Powering Up Productivity: The Transformative Power of AP Automation in Manufacturing

Oct. 25, 2023
Discover how AP Automation is revolutionizing the manufacturing industry, driving efficiency, cost savings, and security. In today's world, automation is the key to staying competitive...

Navigating Disruption: A Leader’s Guide to Strategy Under Uncertainty

Nov. 1, 2023
AI, sustainability, digital--industrials are facing disruptive forces that are redefining what it takes to win. What got your company where it is today won’t get you where you...

Why DataOps may be the key to unlocking the full potential of digital transformation

Nov. 3, 2023
Read the 2023 market survey conducted by IndustryWeek

Disruptive EV Technologies Are Driving New Supplier Realities

Sept. 20, 2023
Vehicle electrification is upending the automotive landscape, forcing suppliers to make critical strategic and operational decisions. Understand what that means for you in our...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!