Martin Winterkorn

Volkswagen Builds Factory in Tennessee

By admin - Posted on July 21st, 2008

Initial stage of construction in Chattanooga to create capacity for 150,000 vehicles. Prof Winterkorn says Volkswagen is resolutely accessing US market.

Wolfsburg / Chattanooga, 15 July 2008 - Volkswagen is setting out to build a plant in Chattanooga, Tennessee, where vehicle production will be due to commence in early 2011. The supervisory board of Volkswagen AG today approved the plans and an investment volume of up to 1 billion USD (around 620 million euro). The Group’s management board had previously pinpointed Chattanooga as the site for its new plant. “The USA market,” said Prof Martin Winterkorn, CEO of Volkswagen AG, “is an important part of our volume strategy and we are now very resolutely accessing that market. Volkswagen will be extremely active there.”

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