The Tennessee Valley Authority based in Knoxville provided this undated photo of the Enterprise South economic development 'megasite' at Chattanooga, Tenn. that Volkswagen picked Tuesday, July 15, 2008, for a $1 billion, 2,000-employee auto assembly plant. This is the fourth TVA megasite sold for development in less than two years, with four sites remaining in Tennessee, Kentucky and Alabama.
A model poses with Volkswagen's new "Jetta" sedan during its launch in Mumbai July 16, 2008. Volkswagen sees high prices of oil and raw materials curbing the pace of growth in emerging markets such as India, but expects they will still make up the bulk of sales in 10 years, a senior official said. The "Jetta", assembled at a plant in western India, is available in three variants with prices ranging from about 1.29 million rupees - 1.68 million rupees (US$30,000-$39,000).
A view of the Volkswagen car plant in Wolfsburg. German automakers said Friday they would shut down production lines late Sunday so workers could follow the European football championship final between Germany and Spain.
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