Volkswagen will expand its automotive plant in Chattanooga, the company’s only U.S. manufacturing facility, and build a new midsize SUV for the American market.

Volkswagen’s total global investment for the expansion will be $900 million, and $600 million of that will be invested in Tennessee. The company expects to create 2,000 jobs in Hamilton County.

The announcement was made by Tennessee Gov. Bill Haslam and Volkswagen Group of America officials in a Monday morning press release. [Read more…]