facebook
twitter
search
search

VW moving U.S. headquarters to Virginia

Sept. 6, 2007 at 9:53 AM

DETROIT, Sept. 6 (UPI) -- Volkswagen plans to move its main U.S. operation out of suburban Detroit and relocate in northern Virginia near Washington, a report said.

The move is seen by observers as a new blow to Detroit's troubled economy. Volkswagen, on the other hand, wants to be closer to itrs traditional East Coast customers to help its money-losing U.S. operation, The Wall Street Journal said Thursday.

It also likely will mean several hundred jobs would move from Mchigan to Virginia.

In addition to announcing that it will invest roughly $100 million in a new facility in Herndon, Va., the company is said to be expected to outline plans to develop more models for the U.S. market.

Volkswagen, which employs 1,400 people in Detroit, said about 600-700 will remain in a call center to provide technical functions, the Financial Times said.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Fourth MUOS arrives in Florida for August launch
China starts work on Russian gas pipeline
Samsung gets major Johan Sverdrup contract