At the NY auto show, Woebcken announced that VW will build a smaller five-passenger SUV off the underpinnings of its Atlas seven-passenger vehicle.
A top Volkswagen executive says the German automaker plans to build another new SUV at the Chattanooga plant, according to Reuters. It was not disclosed whether or not more employees would be hired to help build the new SUV. The new SUV warranty will be available to USA customers only on all 2018 Atlas and Tiguan models when they arrive later this year.
At the show, major automakers said they expected the popularity of SUVs to increase in the United States.
In total, VW has agreed to spend up to $25 billion in the United States to address claims from owners, environmental regulators, states and dealers and offered to buy back about 500,000 polluting US vehicles.
Hinrich Woebcken (VEB-Kin) estimates VW sales rose 10 per cent in the first quarter when the rest of the USA market is down almost 2 per cent.
He gave no timeline on when the new SUV would debut or its intended volume, but said the company is committed to it.
Volkswagen also confirmed it will continue to sell the current generation Tiguan as the Tiguan Limited.
Volkswagen has agreed to add a minimum of three electric vehicles which include an SUV, in California by 2020 and is required to sell 5,000 electric vehicles annually there through 2025 as part of its diesel emission settlement. As part of a court ordered settlement, Volkswagen has agreed to spend up to Dollars 25 billion in the United States to solve claims from owners, environmental regulators, states and dealers and has also offered to buy back about 500,000 polluting vehicles in the United States. Get twice-daily updates on what the St. Louis business community is talking about.