Volkswagen to Build New Warehouse in Tennessee

Photo of Paul Ausick
By Paul Ausick Published

Car maker Volkswagen AG has announced plans to build a 400,000-square foot parts distribution warehouse in Tennessee, near the Chattanooga plant where the company builds its Passat models. According to the company’s press release:

[T]he facility will begin as a redistribution center to service warehouses and will later expand to include a parts distribution center. The redistribution Master Depot will support the US, Canada and Mexico. The parts distribution operation will improve service parts delivery times to over 100 dealers in the surrounding regions.

The warehouse is expected to be opened in spring 2013 and the company expects to employ 45 people at the facility by 2016.

Contact [email protected] for any questions or corrections.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Top Gaining Stocks

GLW Vol: 24,307,400
KLA
KLAC Vol: 14,628,648
WDC Vol: 11,268,872
AMAT Vol: 14,164,881
AXON Vol: 1,847,989

Top Losing Stocks

HON Vol: 7,773,157
CTRA Vol: 73,319,495
SMCI Vol: 91,227,161
CPRT Vol: 18,101,097
ULTA Vol: 895,681