No decision yet on US Volkswagen plant

FRANKFURT, Germany (AP) - A meeting Tuesday of Volkswagen AG's management board yielded no decision on where to build a possible U.S. plant, a facility for which three states are in contention. The company said its management board met for a few hours but did not choose between Alabama, Tennessee or Michigan. The company's supervisory board, the U.S. equivalent of a board of directors, is scheduled to meet on July 15, with a decision likely to be announced afterward. However, the company provided no firm date and declined to detail the progress of talks with the three states. The proposed plant is part of the Wolfsburg-based company's strategy to increase its presence in the U.S., where it holds only 2 percent of the market. The automaker has said the surging euro--which makes good imported from Germany more expensive in the... [read full story]