By David Zanoni:There is something out there that has plans for world domination and it's not the Joker from Batman. It's Volkswagen (VLKAY.PK) - which plans to become the world's largest automaker by 2018. I admire the company for setting a lofty goal and working towards achieving it.
CHATTANOOGA, Tennessee (Reuters) - Volkswagen AG will add 800 jobs at its only U.S. plant, in Chattanooga, Tennessee, to increase production of the small Passat sedan, the company said on Thursday. Volkswagen has not said how much production will increase at the plant, but has said that by next year it will produce 170,000 Passats at its U.S. plant, which opened in May 2011. The 800 new hires will be added to the plant's existing workforce of 2,200 Volkswagen workers and another 500 who work for a firm called Aerotek. In the first two months of the year, Volkswagen sold 14,500 Passat sedans.
Volkswagen will boost its workforce in Chattanooga, Tenn., to increase production of its Passat sedan.Volkswagen Group of America has announced plans to add 800 jobs at its factory in Chattanooga, Tenn., to increase production of its hot-selling Passat sedan.
FORTUNE -- Volkswagen AG's new Passat midsize family sedan this fall will tussle for buyers with formidable competitors like Toyota's (TM) Camry, Honda's (HMC) Accord, Ford's (F) Fusion and Chevrolet's (GM) Malibu. Midsize sedans play in the the fattest, most important slice of the U.S. automotive market, one where companies fight the hardest to gain share. Thorough May, midsize cars comprised more than a half of all cars sold in the U.S. and more than a quarter of all vehicles sold, including minivans and sport utilities. Passat has been in the U.S.