Manufacturers across the country continue to enjoy record-high optimism and are expanding at an exciting pace. New manufacturing job openings reached close to a record-high in February, and U.S. consumers’ confidence in the economy is reaching record highs. Manufacturers across the country – like Riviana Foods in Tennessee or United Tool and Mold in South Carolina – are investing back into their businesses and expanding.
Another manufacturing investment is coming to Tennessee as Volkswagen announced plans to invest $340 million into its manufacturing center in Chattanooga, Tennessee to add a new vehicle to its production line:
Volkswagen AG announced 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.
It will build a five-passenger SUV that will be branded as part of the company’s Atlas family. A concept version will be unveiled next week at the New York International Auto Show, the German carmaker said in a statement.
“We are not only committed to this market, we are committed to our U.S. manufacturing home in Chattanooga, Tennessee,” it said.
It’s not the first-time Volkswagen has made a big investment in Tennessee. The company announced in 2014 that it had passed over Mexico and instead planned to spend $900 million to double the Chattanooga facility’s workforce and expand production of a seven-seater SUV.
The facility employs over 3,000 workers.
The post Volkswagen Investing $340M To Expand Tennessee Manufacturing Plant For New SUV Production appeared first on Shopfloor.
"We are committed to our U.S. manufacturing home in Tennessee."
The post Volkswagen Investing $340M To Expand Tennessee Manufacturing Plant For New SUV Production appeared first on Shopfloor.
