Volkswagen made big news this week by announcing that it would build a new SUV at its plant in Chattanooga, Tennessee. Most automakers are moving away from producing vehicles on first-world soil, opting instead for cheaper bases like Mexico or Thailand. Volkswagen’s decision makes more sense when you realize that the profit margins for an […]
Archive | July, 2014
Volkswagen Commits $25 Billion, Two Plants in China
It has been no secret that the big money for automakers, no matter if their headquarters are in Detroit, Stuttgart, Johannesburg, New Zealand or the South Pole, is in China. A recent move this week by Volkswagen to spend $2.7 billion for two new plants in the sizable country reinforced this fact. It’s even more […]