Press Releases
26 November 2008
VOLKSWAGEN GROUP OF AMERICA LEASES SPACE AT 605 CHESTNUT STREET
New space in the heart of downtown Chattanooga to be occupied by
Volkswagen plant leadership
HERNDON, VA — Volkswagen Group of America announced today that it has signed a lease for approximately 30,000 square feet of office space at Chestnut Tower in downtown Chattanooga. The space will be used for the plant leadership, Purchasing and other administrative support functions. Volkswagen will retain its office space on Discovery Drive which will be reoriented to support positions more directly related to plant construction.
"This announcement is another sign of the continued growth and progress of our Tennessee production facility," said Jill Bratina, director, corporate communications. "Our employee base will grow in the next 3-6 months and this lease ensures we have the space necessary for our new hires."
"Chestnut Tower is an ideal space for conducting business with the greater Chattanooga community," said Eric Carlson, director of Group Marketing, Real Estate and Affiliates. "Franklin L. Haney Company has been a fantastic partner and we look forward to a very productive relationship with them in this central and convenient location."
Renovations to the space are currently in progress and Volkswagen expects to move into Chestnut Tower by February 2009.
About Volkswagen Group of America, Inc.
Volkswagen Group of America, Inc. is a wholly-owned subsidiary of Volkswagen AG, the world's fourth largest automaker and the largest carmaker in Europe. It houses the U.S. operations of a worldwide family of distinguished and exciting brands including Audi, Bentley, Bugatti, Lamborghini and Volkswagen, as well as VW Credit, Inc. Founded in 1955, the company's headquarters are in Herndon, Va.
Volkswagen Group of America brings to the U.S. vehicles that marry the science of engineering and the art of styling, with the goal of offering attractive, safe, and environmentally sound automobiles that are competitive and set world standards in their respective classes.
The company has approximately 2,500 employees in the United States and sells its vehicles through an 800-strong dealer network. With increasing popularity for its brands in the U.S., the company has set the goal of reaching one million car sales in the country by 2018.
