9:49am

Mon January 13, 2014
Business

Tennessee Competing for Chance to Build New Volkswagen SUV

Credit vw.com

DETROIT (AP/WMOT) — Volkswagen's new seven-passenger SUV will go on sale in the U.S. in 2016, and it could be manufactured in Tennessee.

The German automaker's CEO, Martin Winterkorn, confirmed the timing of the new vehicle yesterday on the eve of the Detroit auto show.

The VW plant in Chattanooga and a plant in Mexico are in the running to build the SUV.

Winterkorn said the new SUV will be part of a five-year, $7 billion investment in North America.

Winterkorn said Volkswagen is committed to its goal of selling 1 million vehicles per year in the U.S. by 2018. The company sold just over half that many in 2013.