At the same time, Volkswagen’s commitment to the TVA region deepened with announcement of creation of the new National Research and Development and Planning Center for project coordination in the North American market.
Volkswagen’s Chattanooga plant, which opened in 2011, has had an enormous effect on the city’s economy. “Volkswagen is one of Chattanooga’s largest and most valued employers,” said Chattanooga Mayor Andy Berke. “They have brought 12,400 living-wage jobs to our region, employed Chattanoogans and helped build our middle class. This expansion will result in a huge capital investment and thousands of new jobs.” (more…)