VW: Decision near on site of new plant

FRANKFURT, Germany -- A spokesman for Germany's Volkswagen AG said it likely will announce a decision on its plans for a new U.S. plant after a supervisory board meeting next week. Wolfsburg-based Volkswagen, Europe's largest carmaker, has been mulling a new production facility in Alabama, Tennessee or Michigan. The company wants to increase its presence in the U.S., where it holds only 2 percent of the market. VW officials have said the company intends to more than triple its U.S. sales to 1 million by 2018. Christoph Adomat, a spokesman for VW, said Monday that an official announcement is most likely some time after a July 15 meeting of the supervisory board -- the German equivalent of a board of directors. He declined to comment on the progress of discussions. -- The... [read full story]