FRANKFURT, Germany (AP) -- German automaker Volkswagen AG confirmed it has chosen Chattanooga as the site for its new U.S. plant.
The decision was first announced on Tuesday by a member of VW's supervisory board and followed by a company statement, saying VW approved more than $990 million dollars to build the plant, which will begin production in 2011.
The company said it plans to hire 2,000 workers to build a projected 150,000 cars per year.
The company holds only a 2 percent share of the U.S. market. VW officials have said the company intends to more than triple its U.S. sales to 1 million by 2018.
Board member Christian Wulff said the Chattanooga plant, in addition to VW factories in India and Russia, is part of the company's strategy to become the world's No. 2 automaker.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
While WVLT allows comments on articles, we ask that you respect the online community. Comments may be removed at any time for violations including:
Comments may be checked for inappropriate content or rule violation, but the station is under no legal obligation to monitor or remove comments. If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.