Volkswagen Group of America, Chattanooga Operations, LLC (Volkswagen Chattanooga) and Gestamp, a company that designs, develops and manufactures metal components and assemblies for the automotive sector, announced today that their partnership for metal parts stamping in Tennessee will grow and the commitment will lead to more than 500 additional jobs in Chattanooga.
This project will include an expansion of Gestamp’s existing Chattanooga facility and the construction of a new stamping facility in Enterprise South to accommodate stamping of Class A parts including external metals skin for the new mid-size SUV. Gestamp will invest $180 million in the project that triples its capacity in Chattanooga.
U.S. Sen. Bob Corker, Tennessee Gov. Bill Haslam and Economic Development Commissioner Randy Boyd joined Volkswagen and Gestamp officials along with local business leaders for the announcement at the Chattanooga production facility that will build its 500,000th Passat next month.