Business
5:57 am
Mon January 13, 2014

Volkswagen To Invest $7 Billion In North American Operations

Originally published on Mon January 13, 2014 11:18 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a little German engineering.

(SOUNDBITE OF MUSIC)

INSKEEP: Volkswagen has announced plans to invest $7 billion in its North American operations. It's part of an effort to boost sales in the United States, which slid 7 percent last year. A new seven-seat SUV designed specifically for the American market is a central part of the new investment plan.

It is believed the new vocal will be built at VW's plant in Chattanooga, Tennessee. Transcript provided by NPR, Copyright NPR.