Volkswagen to Invest $7 Billion in North American Operations

URLhttps://www.thomasnet.com/insights/volkswagen-to-i
Sourcehttps://www.thomasnet.com
Date Published04/06/2022
Author NameAndy Szal
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Volkswagen
Parent companyVolkswagen
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2022
Domestically, the work will be done:In-house
Capital investment ($):7000
Country(ies) from which reshored:Germany
City reshored to:Chattanooga
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredelectric vehicles
What domestic positive factors made reshoring more attractive?Eco-system synergies
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