Monday, November 10, 2008

Volkswagen already talking about expansion in Chattanooga

The Chattanooga Times-Free Press reported this weekend that Volkswagen is already considering expansion the announced production capacity at the Chattanooga, Tennessee facility currently under construction. The article by Mike Pare reports, "The expansion would include more paint and press lines and expanded body and assembly shops, which would allow VW to double production from 150,000 vehicles a year to 300,000. The expanded facility would have the potential to produce 595,000 vehicles a year, the documents show."

The conclusion is drawn from information contained in Volkswagen's air quality permit application as presented to the Chattanooga-Hamilton County Air Pollution Control Bureau. The Parties assume that the application could be designed to keep VW's options open, and would therefore not represent concrete plans. Nevertheless, the news cannot be viewed as anything but good for Chattanooga.

For the complete story, click here. For information on the Chattanooga commercial real estate market, follow this link.

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