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[Volkswagen chooses Tennessee for plant in America]

[Tue. 15th July, 2008]
German automaker Volkswagen (VW) has chosen to locate its new American car plant in Tennessee, a move that could pump $1 billion into the local economy. VW opted for a site in the city of Chattanooga in preference to possible locations in Alabama and Michigan.
The rise of euro against the dollar has made it costly to maker cars in Europe and export them to America, leading VW to explore manufacturing again there. The move is good news for American car industry shedding thousands of jobs.


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