Volkswagen Group of America And Gestamp Announce Partnership
Volkswagen Group of America, Chattanooga Operations, LLC and Gestamp announced their partnership for metal parts stamping in Tennessee will grow and create 500 additional jobs in Chattanooga. Gestamp is a company that designs, develops and manufactures metal components for the automotive sector. Gestamp will invest $180 million in the project that triples its capacity in Chattanooga.
“The importance of this expanded partnership for Volkswagen and Chattanooga cannot be overstated,” said Christian Koch, President and CEO of Volkswagen Chattanooga. “I am grateful for the hard work of Gov. Haslam and Commissioner Boyd, and Senator Corker as well. They all worked tirelessly to make the impossible happen. We have put another crucial pillar into place for our future success and the benefits of this expansion will impact the community for years to come,” Koch said.