CHATTANOOGA, TN—Volkswagen is set to commence production of the new midsize SUV at its assembly plant here. The company plans to invest around $900 million in the production of seven-passenger SUV, a move which will create 2,000 jobs.
DETROIT—Volkswagen intends to build a new North American factory as part of plans to invest $7 billion in the continent over five years to lift annual sales from 600,000 to 1 million.
CHATTANOOGA, TN—Volkswagen’s assembly plant here has exceeded the economic impact projected when the company announced its initial investment in 2008, according to a new study by economists at the University of Tennessee. Including direct employment, employee spending and suppliers, the VW plant produced approximately 12,400 new jobs.