June 20, 2015 / 12:51 PM / 3 years ago

Spain's Gestamp to open U.S. facility to supply Volkswagen: source

BERLIN (Reuters) - Spanish automotive supplier Gestamp is planning to open a new pressing facility to supply Volkswagen’s (VOWG_p.DE) production in Chattanooga, Tennessee, a source familiar with the matter told Reuters.

The move will create 500 jobs, the source added, asking to remain anonymous.

Volkswagen declined to comment, only referring to an invitation to a press conference in Chattanooga on June 23 to announce what it described as a “major economic development”.

Gestamp was not immediately available for comment.

The Wall Street Journal had earlier reported the plans by Gestamp.

    Volkswagen last year said it would spend $900 million to build a mid-sized SUV at its U.S. plant in Chattanooga, Tennessee, nearly doubling the factory’s workforce, in an effort to revitalize sales in the world’s second-largest auto market.

    Reporting by Andreas Cremer; Additional reporting by Julien Toyer in Madrid, editing by Louise Heavens; Writing by Christoph Steitz; Editing by Georgina Prodhan

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below