is to build an automotive production facility in
, where it will produce a car designed specifically for the North American market and invest $1bn in the economy.
‘We will be selling 800,000 Volkswagens in the
He added: ‘This, along with our growth strategy, is a prerequisite for the economic success of the company in the dollar region. We look forward to establishing an important mainstay for ourselves when we become the biggest European carmaker there.’
The company will build the 1,350-acre facility in the
Initial production capacity for the facility is anticipated to be 150,000 vehicles, including a new midsize sedan designed for the North American market. Production is scheduled to begin in early 2011.
Volkswagen expects to bring around 2,000 direct jobs to the