VOLKSWAGEN CHATTANOOGA ANNUAL ECONOMIC IMPACT ON TENNESSEE: $643 MILLION
June 4, 2013 by Volkswagen![VOLKSWAGEN CHATTANOOGA ANNUAL ECONOMIC IMPACT ON TENNESSEE: $643 MILLION](images/articleimages/vw_chattanooga-tn_million-01-400.jpg)
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The study estimates that the Volkswagen plant increases state and local tax revenues by $53.5 million annually. State revenue tax is estimated to increase $31.2 million, and local revenue tax is expected to increase by $22.3 million. About Volkswagen Chattanooga Volkswagen has invested $1 billion in the local economy for the Chattanooga plant. The Chattanooga manufacturing facility builds the all-new 2012 Passat Sedan, specifically designed for the North American market and winner of the Motor Trend magazine 2012 Car of the Year award. In 2012, it produced more than 152,400 Volkswagen Passats, in May 2013 the plant produced the 250,000th car. Volkswagen Chattanooga is the first and still only car factory worldwide with a LEED Platinum certification. It is also certified according to ISO 9001 for its quality management system, according to ISO 14001 for its environmental management system and according to ISO 50001 for its energy management system.
posted on conceptcarz.com
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