Volkswagen to build new SUV in Chattanooga

|About: Volkswagen AG ADR (VLKAY)|By:, SA News Editor

Volkswagen (OTCPK:VLKAY) plans to build a new SUV at its plant in Chattanooga, according to VW Group of America's Hinrich Woebcken.

Th exec didn't give a timeline on when production would begin.

The Volkswagen plant will have an estimated annual production capacity of 592K vehicles after a second phase is completed.