Gestamp Planning US Facility To Supply Volkswagen
Spain based automotive supplier, Gestamp is rumored to be planning a new pressing facility in order to supply the Volkswagen facility in Chattanooga, Tennessee. The projected move would create 500 jobs in the area. This comes after last year Vokswagen said they would be spending $900 million at the Chattanooga plant in order to build a mid-sized SUV at that location. Volksawgen has declied to comment about the potential move of the supplier but is holding a press conference in Chattanooga on June 23 to announce a major development.