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VW plans $800 million EV plant in Tenn


jpd80

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VW plans $800 million EV plant in Tenn.; will add 1,000 jobs

January 14, 2019 10:30 AM updated 17 hours ago
 

DETROIT -- Volkswagen Group is adding a second Chattanooga assembly plant in Tennessee to build electric vehicles for Volkswagen and potentially other brands, with an $800 million investment expected to create 1,000 jobs at the German automaker's only U.S. assembly operation.

VW said Monday the new factory -- which will be built next to the existing plant producing internal combustion vehicles -- will begin producing EVs for North America in 2022. The EVs will be built on VW's modular electric toolkit chassis, known as MEB.

When production begins, the Chattanooga site will be one of six VW Group assembly plants globally dedicated to producing battery-electric vehicles, and the only one in North America. The 3.4 million-square-foot Chattanooga plant employs about 3,500 workers.

 

And it begins.........

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8 minutes ago, akirby said:

I bet those 1000 employees will pay far more in property, sales and income tax than they lose in tax incentives for VW.

I'd take that bet....

https://theweek.com/articles/754007/are-corporate-tax-incentives-worth

PS: Using your metric, it now becomes the responsibility of the worker to subsidize the plant so that the corporation can earn more profit to "enhance investor value" while "Joe and Jane line worker" pays for the infrastructure maintenance bill. 

Edited by twintornados
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1 hour ago, twintornados said:

I'd take that bet....

https://theweek.com/articles/754007/are-corporate-tax-incentives-worth

PS: Using your metric, it now becomes the responsibility of the worker to subsidize the plant so that the corporation can earn more profit to "enhance investor value" while "Joe and Jane line worker" pays for the infrastructure maintenance bill. 

 

Some valid points there but at least Joe and Jane line worker now have a good paying job along with 998 others which may not have been the case before.

But that’s completely off topic so let’s drop it.

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1 minute ago, jpd80 said:

I wonder if this plant is part of the VW / Ford collaboration on EV / AV going forward.......

The timing with the alliance announcement is interesting and not just a coincidence......

If that's the case, it's odd they wouldn't specifically spell that out in today's announcement.  Unless they're just wanting to leave the door open for an easy "out" if they decide they don't want to work together on electrics?

Edited by rmc523
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1 hour ago, rmc523 said:

If that's the case, it's odd they wouldn't specifically spell that out in today's announcement.  Unless they're just wanting to leave the door open for an easy "out" if they decide they don't want to work together on electrics?

Yes but perhaps it's a subtle message  to Ford to hurry up and make a deal?

Edited by jpd80
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