The German Website Handelsblatt.com is reporting today, that the planned US Volkswagen assembly plant planned for 2010 will not only assemble VW and Audi products, but the Porsche Cayenne as well.
With the sinking US dollar and the under valued Yen, it has become increasingly important for the European automakers to establish plants in the US to maintain competitive leverage against the Japansese in the U.S. market. Volkswagen currently has a short list on the candidates in Alabama, Tennessee and Michigan and will make a decision in the next few weeks for the location of the plant, with completion slated for late 2010.
VW aims to increase sales in the US from a modest 230,000 units to over 800,000 through the next decade; with that type of growth, a US plant will be mandatory.
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