Volkswagen of America Inc. today reported that 2011 sales were the best in nine years, helped by an strong increase in sales of the Chattanooga-built Passat.
Total VW sales in the Unites States last year were 324,402 units, a 26.3 percent increase from 2010 and the best since 2002, the company announced.
Passat sales soared in 2011 with 22,779 units sold, a 124 percent increase from 2010.
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Automobile industry and tagged autoparts, Chrysler, East Tennessee, Economy, Ford, GM, Knoxville, manufacturers, Nissan, Passat, sales, Volkswagen, VW on . January 4, 2012
Tennessee’s business recruitment effort has had a good run in the last few years under the leadership of Gov. Phil Bredesen.
Volkswagen’s new billion-dollar manufacturing complex in Chattanooga is nearing completion. Wacker Chemie AG plans to invest $1 billion in Bradley County and Hemlock Semiconductor expects to spend as much as $2.5 billion on a new plant in Clarksville, just to name a few of the state’s big scores.
Will Gov.-elect Bill Haslam keep the trend going?
Read more on the challenge facing the new administration in my Sunday column in the News Sentinel.
A story in today’s Chattanooga Times Free Press says Volkswagen will encourage all suppliers for its new Chattanooga plant
to locate within 30 miles of the soon-to-open factory.
Since Knoxville is about 100 miles from the VW plant, the 30-mile limit would seem to spell
trouble for Knoxville-area economic development officials’ effort to recruit VW suppliers.
Knoxville Chamber officials say they aren’t worried.
Volkswagen’s new plant nearing completion in Chattanooga is the subject of a favorable report on Forbes.com.
“The German carmaker is halfway through building one of the world’s cleanest automobile plants,” says the story by Jim Motavalli.
Read full VW story
Not so favorable, is the accompanying report on the Leaf, Nissan’s new electric car being built in Rutherford County, Tennessee.
“Turns out it might not be so green for its bottom line,” writes Josh Wolfe.
Read the Leaf report
Photo: Angela Lewis/ Chattanooga Times Free Press.
Tennesseeis the third best state for business on Chief Executive magazine’s Best/Worst States for Business 2010. That’s up from No. 5 last year.
Texas and North Carolina were the top two for 2010. The magazine rated states on taxation, workforce and living environment.
For what it’s worth, three high tax states — California, New York and Michigan — anchored the bottom of the list.