Tag Archives: Volkswagen

Strong VW sales good news for East Tennessee economy

 

a302d2ef6a6f5800030f6a706700d741.jpgVolkswagen 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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Will Tennessee continue to attract new business?

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.

VW’s 30-mile supplier zone doesn’t worry Knoxville Chamber

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
012010volkswagen.02.jpgtrouble for Knoxville-area economic development officials’ effort to recruit VW suppliers.

But Knoxville Chamber officials say they aren’t worried.

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Smiles for new VW plant; Frowns for Nissan Leaf

Volkswagen’s new plant nearing completion in Chattanooga is the subject of a favorable report on Forbes.com.

012010vwdealers036.jpg“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 here.

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 here

Photo: Angela Lewis/ Chattanooga Times Free Press.

Tennessee good for biz, magazine says

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.

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