Company/Division name | Volkswagen AG |
Parent company | Volkswagen of America |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 1000 |
Year reshoring announced: | 2019 |
Year reshoring implemented or to be implemented: | 2022 |
Capital investment ($): | 800 |
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 | electric vehicles |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Proximity to customers/market |