FRANKFURT, Germany (AP) — A meeting Tuesday of Volkswagen AG’s management board yielded no decision on where to build a possible U.S. plant, a facility for which a Limestone County site has been rumored as top choice.
The company said its management board met for a few hours but did not choose between sites in Tennessee, Michigan or a local site, which has been widely reported to be at Greenbrier near Interstate 565. The local site is on land recently annexed by Huntsville.
The company’s supervisory board, the equivalent of a U.S. board of directors, is set to meet on July 15, with a decision likely to be announced afterward.
However, the company provided no firm date and declined to detail the progress of talks with the three states.
The proposed plant is part of the Wolfsburg-based company’s strategy to increase its presence in the U.S., where it holds only 2 percent of the market.
The automaker has said the surging euro — which makes good imported from Germany more expensive in the United States — has pushed along plans for a new production facility.
Volkswagen, which closed its last U.S. production facility near Pittsburgh in 1988, has said actual production at the facility is not expected to start until at least 2010.
Shares of Volkswagen closed down less than 1 percent to 172.31 euros ($269.58) in Frankfurt.
Local News
July 8, 2008
VW: Meeting yields no word
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