Magna to help VW build new mid-sized sedan in Chattanooga
Magna Seating, an operating group of Magna International, and Hollingsworth Logistics, a leading provider of industrial supply chain management, said today that they have formed won contracts to supply Volkswagen Group of America with complete seat systems for the new mid-size sedan that will be built at Volkswagen”s new Chattanooga, Tennessee, plant.
“This partnership is a great sign of things to come for everyone involved,” said Frank Fischer, President and CEO for Volkswagen in Chattanooga. “We are pleased that a minority-owned joint venture will be a part of our supplier team for the all-new mid-size sedan and that the addition of 120 jobs will continue to strengthen the economy here in the Tennessee Valley,” Fischer said.
Volkswagen plans to kick off production of the new mid-size sedan at Chattanooga in 2011. The new model will replace the Passat in the United States and CEO Stefan Jacoby says that the company has plans to sell 100,000 units annually. There are also plans to export the U.S. built sedan.
– By: Kap Shah