VW's battery company PowerCo SE will invest up to $5 billion to build its largest cell factory, potentially creating up to 3,000 jobs in St. Thomas, Ontario.
Volkswagen is scheduled to build its first overseas electric vehicle battery manufacturing plant in Ontario, Canada.
Wells Fargo will build new campus in Irving-Las Colinas, Volkswagen Group’s new Port Freeport hub will allow utilization of low-emission LNG vessels.
Sese Industrial Services, U.S. Corp. will invest more than $42 million to build a new axle component assembly facility in Chattanooga, TN.
The new terminal will import and process 120,000 Volkswagen, Audi, Lamborghini, and Bentley vehicles annually, create approximately 100 jobs.
Tennessee has been the nerve center of the South’s auto sector for nearly four decades, and is shaping up to be a hub for electric vehicle investments.
Volkswagen will invest approximately $340 million to bring the vehicle to market, in addition to approximately $900 million already invested to expand the Chattanooga plant for Atlas production.
With motor vehicle fatalities soaring, the auto giants are racing to get self-driving cars on the road.
A powerhouse auto cluster, the nation’s most-improved education system and world-class infrastructure keep the volunteer state on its pedestal.
Nevada wins the most hotly contested economic development prize in years by bagging Tesla's lithium battery plant near Reno. Washington successfully pulled out all the stops to keep Boeing from leaving the state. Comcast's gleaming new tower will transform Philadelphia's skyline.
The Volunteer State becomes the first back-to-back winner of Business Facilities' top annual honor.
The state of Tennessee is providing a $165.8 million grant for costs associated with site development and preparation, infrastructure, production equipment acquisition and installation, and facility construction.
Volkswagen seeks the middle ground as the UAW targets the German automaker's assembly plant in a right-to-work state.
The Volunteer State is still out front in our annual auto sweepstakes, but two surging contenders are laying down markers for next year's contest.