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UT Study Shows Economic Impact Of VW Plant

Wed, 06/05/2013 - 2:20pm
The Associated Press

KNOXVILLE, Tenn. (AP) — A research study by the University of Tennessee at Knoxville shows Volkswagen's assembly plant in Chattanooga is responsible for more than $643 million in annual income.

The study also estimates that the plant increases state and local tax revenue by $53.5 million annually.

Last month, VW announced it had reached a production milestone at the plant when the 250,000th Passat midsize sedan rolled off the assembly line.

The milestone came a little more than two years since production began at the plant.

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