 [Reuters] WASHINGTON (Reuters) - Volkswagen AG (VOWG_p.DE) will announce on Monday that it plans to invest $340 million to build a new sport utility vehicle at its Chattanooga, Tennessee, plant in the United States as demand surges for larger vehicles, according to a person briefed on the announcement.
Tennessee Governor Bill Haslam is set to be at VW’s plant in Chattanooga for a 2:30 p.m (1800 GMT) announcement for a new project, his office said, without elaborating on what that project would be.
In 2017, VW Group of America Chief Executive Officer Hinrich Woebcken told reporters at the New York auto show that the automaker planned to build a five-seat SUV in Tennessee, but he declined to say when production would begin. |