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Posts Tagged ‘vw midsize suv’

VW’s Chattanooga Plant Expansion Bringing 9,800 Jobs

New study shows $370 million in annual income from new SUV.

by on May.28, 2015

VW's expansion of its Chattanooga, Tennessee plant, could result in 9,800 new jobs totaling $370 million in annual income.

The competition between states offering incentives and promises to secure new auto business is fierce and a new study shows why: money and jobs.

A study from the University of Tennessee’s Center of Business and Economic Research (CBER) indicates that the expansion of Volkswagen’s Chattanooga manufacturing plant to produce a new midsize SUV and the opening of a North American Engineering and Planning Center could create approximately 9,800 jobs and add $370 million in additional annual income, once the plant is fully operational.

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“The findings in the CBER study demonstrate that the incentive package recently passed by the Tennessee legislature will result in an economic growth multiplier of several times the state’s investment,” said David Geanacopoulos, executive vice president for Public Affairs and General Counsel, Volkswagen Group of America, Inc. (more…)

VW Begins Construction on New Chattanooga Plant

Facility will build new midsize SUV in 2016.

by on Feb.25, 2015

Construction began at Volkwagen's Chattanooga, Tennessee plant to handle the new midsize SUV coming there in 2016.

Better late than never. Volkswagen of America (VOA), which has seen its sales battered because of the lack of a competitive utility vehicle, has take a critical step toward fixing the problem by starting construction of its assembly plant in Chattanooga, Tennessee.

Construction is underway at the VOA’s Chattanooga manufacturing facility in preparation for production of an all-new midsize SUV. The first phase of construction started in early January 2015 and will stretch out over the next two years, VOA officials said.

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“This is a very exciting time in the history of Volkswagen Chattanooga,” said Christian Koch, CEO and president of Volkswagen Chattanooga. “A lot of hard work is going into adding this second vehicle line to the plant, but it is crucial to our efforts to move forward in America.” (more…)

VW Investing $900 Mil to Expand Tenn. Plant, Add New CrossBlue SUV

German maker will also set up new product development and planning center at Chattanooga plant.

by on Jul.14, 2014

The VW CrossBlue Concept vehicles rolls past the maker's assembly plant in Chattanooga, TN.

After a long delay, Volkswagen officials have finally confirmed plans to expand the capacity of their big assembly plant in Chattanooga, Tennessee to produce and all-new midsize crossover-utility vehicle, a project that will cost the maker about $900 million.

After achieving significant growth earlier in the decade, VW is currently struggling to reverse a two-year sales slump that has threatened to leave it short of the ambitious goals it had set for 2018 when the company was hoping to sell 800,000 vehicles a year in the U.S. Based on the CrossBlue Concept vehicle, the new ute will play a “key role” in VW’s plans for the U.S. and broader North American market, declared the maker’s CEO Martin Winterkorn during an online news conference.

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“The Volkswagen brand will continue to go on the offensive in the American market,” said Winterkorn, who called the U.S. “one of the most important markets” for his company.

The VW CEO also announced that the German maker will add a new product development and planning center at the Chattanooga complex.

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VW Facing Serious Challenges Even as Sales Soar

Maker rolls out 100,000th Passat from Chattanooga plant.

by on Jun.01, 2012

A VW Passat body under inspection at the maker's Chattanooga plant. Quality will be critical to meeting VW's ambitious growth target.

Half empty or half full?  When it comes to Volkswagen, Jonathan Browning is looking at the glass from both angles.

By most measures, it’s been a particularly good week for the German maker.  With sales for last month up 28.4%, VW is today reporting its best May since 1973.  That news comes less than a day after the 100,000th new Passat rolled off the Volkswagen assembly plant in Chattanooga, Tennessee.

There are plenty of other reasons to be in a positive frame of mind, starting with the growing number of potential buyers who are now aware of products like the Passat, as well as the newly updated Beetle, the recently redesigned Jetta and the expanding line-up of Volkswagen diesels.

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Nonetheless, the British-born Browning, CEO of the Volkswagen Group of America – which includes Audi and Bentley, as well as the VW brand – also sees quite a few reasons to worry whether the maker is operating “at a level that will support our growth.”

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New Volkswagen Midsize SUV “Under Discussion”

Maker considering range of additional products, including Polo and Up! to support soaring U.S. sales.

by on May.30, 2012

VW Group CEO Jonathan Browning -- shown here at the 2012 Detroit Auto Show -- wants more product in the U.S. line-up.

With U.S. sales expected to increase by as much as 30% for May Volkswagen is looking at all its options to keep that momentum going – including the addition of all-new products to its American line-up.

The maker could start importing several models not currently sold in the U.S., said Volkswagen Group of American CEO Jonathan Browning.  But the executive says the more likely move would come with the addition of an all-new midsize SUV now “under discussion.”

“A midsize SUV would be a great opportunity for us,” Browning said following a speech to the Detroit Automotive Press Association.

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The vehicle would slot into the line-up between the compact Tiguan and the full-size Touareg sport-utility vehicles.  It might be developed as a joint project between the U.S. and “another region around the world,” Browning hinted, but he stressed that the American market would take the lead in the vehicle’s development.

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