According to the most recently revealed plan from the Germans, it would also seem that they want to supply the facility they already have in Chattanooga with a latest generation powerplant.
Construction of the plant is scheduled to begin this year and costs will bring up a total of USD 550 million or the equivalent of €400 million in investments.
According to Prof. Dr. Jochem Heizmann who is a board member of the Volkswagen Group, it is clear that North America continues to be one of the biggest and most important markets for the automotive industry and a decision such as this to supply it is easily justified. On another important front the new plant will create about 700 new jobs in the mid to long term effect.
Currently, VW produces the Jetta, Golf estate and the New Beetle in Puebla, Mexico and starting nextyear production of the firm’s New Midsize Sedan (NMS) will begin in Chattanooga, Tennessee. Add to these the current investment as well as the opening up of the new engine plant in Silao, and you can clearly see how Volkswagen AG will soon be going very strong in North America as well.
