Reports: Alabama is Volkswagen's pick for new U.S. manufacturing plant
VW looks to increase auto sales here; plant price tag may hit $1.2B
Rumors continue to circulate that Volkswagen will select Alabama as the site for its new U.S. plant. Alabama, Tennessee and Michigan were the finalists for a new U.S. plant that company officials hope will help VW expand its presence in the U.S.
German industry newsletter Automobilwoche reported Saturday that Alabama had won the contract.
Company officials said Monday that no final decision had been reached, and that an announcement was expected as early as July 15.
Local sources said the site for the Alabama plant is in a portion of eastern Limestone County recently annexed by Huntsville.
Sources cite the recent influx of auto manufacturing into Alabama, as well as a production facility for automotive steel.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey