VW moves ahead with supplier park in Chattanooga
by Chattanooga Times Free Press
Dec 30, 2009 | 565 views | 0 0 comments | 7 7 recommendations | email to a friend | print
Europe's largest carmaker is turning to America's biggest bank to finance an adjacent supplier park.

Volkswagen officials hope to close a $21 million loan from Bank of America this week to pay for the construction of a pair of warehouse and assembly buildings for suppliers to its new assembly plant.

The Industrial Development Board of Chattanooga approved an agreement with the German automaker to develop the buildings next year on 41 acres next to the plant taking shape in the Enterprise South industrial park.

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