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Updated: 12:25 PM Jan 12, 2009
Porsche takeover won't slow Volkswagen's Chattanooga plant
The CEO of Volkswagen's planned assembly plant in Chattanooga said the $1 billion project is on schedule and 2011 remains the target for the start of production.
Posted: 12:25 PM Jan 12, 2009Reporter: Brian Gregory Email Address: brian.gregory@wvlt-tv.com |
Models pose with the Volkswagen Jetta at its launch in Mumbai, India on Wednesday, July 16, 2008. Volkswagen's plans to build a $1 billion assembly plant and create 2,000 jobs in Chattanooga, Tenn. (AP Photo/Rajanish Kakade)
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CHATTANOOGA, Tenn. (AP) -- The CEO of Volkswagen's planned assembly plant in Chattanooga said the $1 billion project is on schedule and 2011 remains the target for the start of production.
CEO Frank Fischer showed architectural drawings of parts of the plant during a community briefing Monday in Chattanooga.
Volkswagen has projected that the plant will have about 2,000 employees and numerous other related jobs are expected to be created by suppliers to the plant.
Fischer also announced that VW's new manufacturing company has been organized as Volkswagen Group of America Chattanooga Operations.
He said ground will be broken for the plant in March.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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