VW Has A New Automotive Plant AND New Focus
Volkswagen, a Gray Construction customer, was featured in an article that appeared in the Chicago Tribune.
Volkswagen, a Gray Construction customer, was featured in an article that appeared in the Chicago Tribune on June 5, 2011. Check out the article.
Highlights of the article include:
- VW is looking to triple U.S. sales over the next seven years, partly due in part to the new Passat being manufactured in Chattanooga.
- VW sold 256,830 cars last year, up 20% from the year before. FY2011 sales are up 17%.
- VW ranked 29th of 34 brands on the J.D. Power & Associates 2011 reliability rankings and 31st of 33 in 2010’s initial quality survey of 3-month old vehicles.
- At the Chattanooga facility, VW pulled in more than 200 company experts from operations around the world, including its Audi and Bentley divisions to work at the factory.
- Although the plant has the capacity to make 150,000 cars a year the initial plans for this year is to produce 56,000.
- 85% of the American Passat content will come from North American Free Trade Agreement countries, eliminating any risk as it relates to unfavorable exchange rates.
- The plant is located in “auto alley” and shares several of the same suppliers as BMW and Mercedes.
July 30, 2011
- Corporate News
Some opinions expressed in this article may be those of a contributing author and not necessarily Gray.
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