ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

VOW Volkswagen AG

133.40
0.80 (0.60%)
03 May 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Volkswagen AG TG:VOW Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.80 0.60% 133.40 132.90 133.80 134.00 132.40 133.10 4,290 22:50:02

VW Breaks Ground on Expansion for U.S. Electric Vehicle Production

13/11/2019 5:44pm

Dow Jones News


Volkswagen (TG:VOW)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Volkswagen Charts.

By Michael Dabaie

 

Volkswagen of America said it began construction on its electric vehicle production facility in Chattanooga, Tenn.

VW said production will begins in the facility in 2022, and it will be Volkswagen's North American assembly base for electric vehicles.

Volkswagen said it began long-range EV production earlier this month in Zwickau, Germany, and will then roll out assembly worldwide, including in Anting and Foshan, in China, in 2020 and in the German cities of Emden and Hanover by 2022.

Volkswagen said its investment of about $800 million in the Chattanooga facility will require the addition of about 1,000 jobs. Production of VW's ID. CROZZ vehicle is set to begin in Chattanooga in 2022.

The expansion of the plant includes a 564,000-square-foot addition to the body shop. Volkswagen will build both internal combustion engine vehicles as well as battery electric vehicles on the same assembly line.

The company also said it intends to build a 198,000-square-foot plant for the assembly of battery packs for EVs at the Chattanooga site.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

November 13, 2019 12:29 ET (17:29 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

1 Year Volkswagen Chart

1 Year Volkswagen Chart

1 Month Volkswagen Chart

1 Month Volkswagen Chart

Your Recent History

Delayed Upgrade Clock