‘Boro developer planning Chattanooga apartments
Posted on November 16, 2009 at 11:19 am
The arrival of Volkswagen and Wacker Chemie in the Chattanooga area has Tim Keach optimistic about the city’s growth path. His TDK Construction will build a 199-unit luxury apartment complex there worth about $16 million.
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Local contractor sues over VW bidding process
Posted on September 8, 2009 at 9:52 am
D.F. Chase and an Illinois company have sued various groups involved in the awarding of several construction contracts at Volkswagen’s rising Chattanooga campus.
SEE ALSO: D.F. Chase’s two contract wins in Chattanooga
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VW expects 100,000 applications
Posted on August 13, 2009 at 11:36 am
The auto maker’s Chattanooga HR chief says his team is building a system to handle 100,000 job applications for the less than 2,000 it expects to begin bringing on early next year.
SEE ALSO: VW of America boss Stefan Jacoby talks to The Detroit News about VW’s plans, including how it will fix a brand that “got a little bit lost.”
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Upping V-dub’s sex appeal
Posted on July 31, 2009 at 1:42 pm
Building a plant in Chattanooga will be huge in helping Volkswagen take on the U.S. market, but its pending tie-up with Porsche will add the sizzle.
“VW’s image in the U.S. could benefit significantly from Porsche,” says Jürgen Meyer, a fund manager with SEB Asset Management in Frankfurt. “Americans don’t know Audi, but they know Porsche as a premium brand and that will rub off on VW. They could possibly use the Porsche brand name to create a group of premium models like we see today with Audi, but with better brand recognition.”
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ECD pub honors locals
Posted on July 22, 2009 at 1:58 pmSouthern Business & Development Magazine has named Chattanooga’s snagging of Volkswagen its 2008 economic development deal of the year, Tennessee the co-state of the year and has nice things to say about the Governor and two of his lieutenants.
Separately, the magazine’s readers have voted Arant Boult Cummings one of the region’s top ECD law firms. Nashville-based Tom Trent leads the firm’s ECD practice group.
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A VW-Porsche plan
Posted on July 20, 2009 at 8:00 amWord is the auto makers have struck a two-stage deal that will result in Volkswagen taking over Porsche and growing its stable of brands to 10.
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VW group to absorb Porsche
Posted on May 6, 2009 at 6:14 pmThe sports car legend, which owns 51 percent of Volkswagen but is saddled with a big debt load, will be merged into the group. The company had looked to take control over the larger VW to secure its supply lines.
“Porsche’s goal of maximizing control over Volkswagen has now been buried,” said Manfred Wilke, an analyst at the Nuertingen, Germany-based Institute for Automobile Industry. “The iconic brand will be embedded in VW’s model-range. Porsche has clearly overstretched its finances.”
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