Other Side of the Bailout: VW, Nissan, Kia, Honda
1. VW Ramping Up Plant Construction in Tennessee (link): Amid a sluggish national economy and angst in the American auto industry, Volkswagen is ramping up construction of its $1 billion assembly plant in Chattanooga. Despite a slowing American auto market, Mr. Fischer said VW’s board is dedicated to the Chattanooga project, which is to start vehicle production by 2011 and employ 2,000 people.
2. Nissan's Mississippi Plant Retools For the Future (link): Nissan released its first image of a concept trade van as contractors prepared for an $118 million expansion and retooling at the company's Mississippi plant that will make way for a line of three light commercial vehicle models.
3. Kia Comes to Georgia (link): The US auto industry is throwing bolts, but here in Georgia's Chattahoochee Valley a South Korean car company is building a massive new manufacturing plant along the new Kia Parkway, replacing abandoned textile mills. The massive Kia manufacturing plant will turn out its first model in about a year, and some 43,000 people applied for 2,600 positions.
4. Honda plant brings hope to Indiana town (link): With the domestic automotive industry teetering on the edge of bankruptcy, the recent grand opening of Honda Motor Co.'s Civic assembly plant in Greensburg was a dream come true for this town of 12,000 and for a state that has been hit hard by manufacturing job losses similar to those faced by Michigan.