Thursday, May 14, 2009

Volkswagen to Hold Groundbreaking Ceremony of its U.S. Plant in Chattanooga

Volkswagen to Hold Groundbreaking Ceremony of its U.S. Plant in Chattanooga

After a small delay that was caused by several members of VW's management board in Wolfsburg that couldn't make it in time for the initially planned January ceremony, Volkswagen is finally ready to celebrate today, Thursday, May 14, the placement of the first wall at its new U.S. factory in Chattanooga, Tennessee. The new $1 billion plant that will employ 2,000 people directly and generate an additional $12 billion in income growth and more than 9,500 indirect jobs over the life of the project, will be the home of a number of products including an all new mid-size sedan designed specifically for the North American market.

The groundbreaking ceremony for the new plant will be performed by the Governor of the State of Tennessee, Phil Bredesen and Professor Dr. Jochem Heizmann, Member of the Board of Management of VW.

Production in Chattanooga is scheduled to begin in 2011 with a maximum annual capacity of 150,000 vehicles.

"Our own car production 'made in America' is an important core element of our growth strategy on the U.S. market. That is why today is a major milestone for the Volkswagen Group," said Prof. Dr. Heizmann.

"The American auto industry is wherever Americans -- and especially Tennesseans -- are building cars and trucks," said Senator Alexander (R-Tenn.). "VW's new plant in Chattanooga means more jobs, and not just for the plant itself. VW's investment in the Chattanooga community will serve as a jobs magnet, bringing thousands more auto-related jobs to Tennessee."


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