DETROIT (Reuters) - Volkswagen AG (VOWG_p.DE) said on Monday it was investing $800 million to build a new electric vehicle at its plant in Chattanooga, Tennessee, and scheduled a briefing with Ford Motor Co (F.N) for Tuesday on their efforts to forge a global alliance.
The German automaker said in an announcement at the Detroit Auto Show that it was adding 1,000 jobs at the Chattanooga plant and that electric vehicle production there would begin in 2022.
Volkswagen Chief Executive Herbert Diess said the company was considering building luxury Audi vehicles in the United States but that no decisions had been made.
German automakers have been under pressure from U.S. President Donald Trump to increase their investments in the United States. Diess and counterparts from German automakers BMW AG (BMWG.DE) and Daimler AG (DAIGn.DE) met with Trump at the White House in December to urge the administration not to go through with a threat to slap tariffs on European cars.
The Tennessee investment "is a signal to the government that we are really committed to the United States," Diess told reporters at the auto show.
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I didn't see anyone beating down the door to do business in the US when Obama was prez.
ReplyDeleteSo, you need to ask the question as to why there seems to be a big push for electric vehicles.
ReplyDeleteSave the environment? hardly, you still need to generate the electricity and the so called renewables are not viable. (and never will be)
Running out of oil? Not in the next 200 years anyway.
The real answer is that they can shut you off of electricity with the flip of a switch and you cant really store electricity like you can gasoline or diesel.
Control. Control. Control!
Just look at the facts. Toyota has the majority products with the TOP ratings. All GM products underperform as a result of Obama making them a Federal Agency. Does anyone care about GM having a diversity plan? No.
ReplyDeleteThe past is just that.
EV's are weird science, too subsidized and completely a sham to get rid of gas vehicles, raise electric grid rates, and rob Americans of their freedoms.
ReplyDeleteDon't fall for this.
You are already paying for all the electric to recharge these vehicles plus the $10k per vehicle subsidy through your electric bill, which will rise exponentially when the Occasionally Cortexed One decides there will be no more gasoline in 12 years.
Watch out.
What about Volks’ Diesel engine fraud?
ReplyDeleteWhy are they allowed to operate in the US?