WOOHOO...this should help bring in some jobs....
VW chooses Tennessee for new U.S. plant
April Wortham
Martin Winterkorn, CEO of Volkswagen AG
Volkswagen AG announced today that it will build a factory in Chattanooga, Tenn.
Initial production capacity for the $1 billion plant is expected to be 150,000 vehicles, including a new mid-sized sedan designed for North America. Production is scheduled to begin in early 2011.
"The U.S. market is an important part of our volume strategy, and we are now very resolutely accessing that market," said VW group CEO Martin Winterkorn.
Winterkorn said the factory will play a key role in boosting VW brand sales in the United States to 800,000 units by 2018.
As recently as last week, most speculation had VW locating the plant in Alabama. Michigan was a distant third choice for the project.