N.C. loses out - VW taps Tennessee for new US production site
Volkswagen AG is headed to Tennessee to build cars in the U.S. after picking the southern state as the site for its new plant.Posted — Updated
Chattanooga, Tennessee, beat out bids by Alabama and Michigan for the new plant, which is part of the Wolfsburg-based company's strategy to increase its presence in America.
The announcement came Tuesday from Lower Saxony Minister President Christian Wulff, who sits on the supervisory board of Europe's largest automaker.
Business Week, meanwhile, said a search committee had scouted North Carolina: and other states for Volkswagen. A plant in the U.S. is seen as being essential for Volkswagen’s strategy of selling 800,000 vehicles in the U.S. by 2018.
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