Auto Parts Maker Gestamp to Open U.S. Facility to Supply Volkswagen


BERLIN—Spanish automotive supplier Gestamp is planning to open a new pressing plant in Chattanooga, Tenn., to supply Volkswagen AG, according to people familiar with the situation.

A formal announcement is planned for next Tuesday. VW has invited journalists to a news conference to announce a “major economic development” in Chattanooga.

Gestamp will create 500 new jobs at the plant, which will be integrated into the production of VW’s new CrossBlue midsize sport-utility vehicle.

Gestamp couldn’t be reached for comment.

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