Two European Automakers Plan to Assemble Vehicles in the U.S. for First Time in Decades

SUGAR LAND--October 23, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Due to the recession and sluggish automotive sales, the majority of the automakers who assemble vehicles in the United States have focused on reducing production, cutting costs and closing unnecessary plants. However, two European automakers that have not operated a plant in the U.S. for quite some time have different plans. For the first time since the 1980s, Fiat SpA (OTC:FIATY) (Italy) and Volkswagen Group of America (Herndon, Virginia), a subsidiary of Volkswagen AG (OTC:VLKAY) (Wolfsburg, Germany), will be assembling vehicles on American soil.