in Tennessee. The Group will be investing a total of approximately US$ 900-million (€643-million) in the production of a newly developed, seven-passenger SUV, and creating 2,000 additional jobs in the US. About US$ 600-million (€432-million) will be invested in Tennessee.
"The United States of America is and will remain one of the most important markets for Volkswagen. Over the past few years, we have achieved a lot there. We are now launching the second phase of the Volkswagen campaign in the US. With the midsize SUV, the expansion of the Chattanooga plant and the new development centre, the focus is on the wishes of the US customer. This is also a strong signal for the US as an industrial and automobile production location. The Volkswagen brand is going on the attack again in America," said Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft.
"The Chattanooga-built midsize SUV will allow us to fulfil the wishes of our dealer network, bringing new customers to our showrooms and additional growth for the brand," added Michael Horn, President and CEO Volkswagen Group of America. "We are eager to be entering this growing vehicle segment with a world-class, seven-passenger SUV from Volkswagen."
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