URL | http://www.areadevelopment.com/newsItems/3-20-2018 |
Source | Area Development |
Date Published | 03/20/2018 |
Mentions specific company case(s) of reshoring, kept from offshoring, or transplant | Yes |
Company/Division name | Volkswagen |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2018 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 340 |
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) reshored | 5 passenger SUV |
What domestic positive factors made reshoring more attractive? | , Growing demand in US market |