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Empresas y finanzas

Spain's Gestamp to open U.S. facility to supply Volkswagen: source


    BERLIN (Reuters) - Spanish automotive supplier Gestamp is planning to open a new pressing facility to supply Volkswagen's production in Chattanooga, Tennessee, a source familiar with the matter told Reuters.

    The move will create 500 jobs, the source added, asking to remain anonymous.

    VOLKSWAGEN (VOW.XE)declined to comment, only referring to an invitation to a press conference in Chattanooga on June 23 to announce what it described as a "major economic development".

    Gestamp was not immediately available for comment.

    The Wall Street Journal had earlier reported the plans by Gestamp.

    Volkswagen last year said it would spend $900 million to build a mid-sized SUV at its U.S. plant in Chattanooga, Tennessee, nearly doubling the factory's workforce, in an effort to revitalize sales in the world's second-largest auto market.

    (Reporting by Andreas Cremer; Additional reporting by Julien Toyer in Madrid, editing by Louise Heavens; Writing by Christoph Steitz; Editing by Georgina Prodhan)