NASHVILLEBusiness Facilities, a national economic development publication, has released its annual state Automotive Manufacturing Strength ranking. For an unprecedented fourth consecutive year, Tennessee has been named the No. 1 state in the nation for Automotive Manufacturing Strength.
This impressive distinction further solidifies Tennessees position as a global leader in automotive manufacturing strength, Tennessee Department of Economic and Community Development Commissioner Bill Hagerty said. When internationally renowned companies like General Motors, Magneti Marelli, Nissan and Volkswagen choose to relocate and expand in our state, it extends Tennessees place at the top beyond the U.S. and into todays globally competitive environment. I could not be more pleased to hear this great news.
With VW intent on selling at least 1 million vehicles in the North American market, its new Chattanooga plant is ramping up to full production, Business Facilities Editor in Chief Jack Rogers said. Renewed commitments from GM, Nissans electric-car line scaling up in Smyrna and a growing supplier network have kept Tennessee in a commanding position in our automotive strength evaluation.
Tennessee is home to Nissan, Volkswagen and General Motors production hubs. With more than 900 auto manufacturers and suppliers statewide, Tennessee is reaping the benefits of a strategic focus on the automotive sector. In fiscal year 2012-2013, 44 automotive projects created 6,662 new jobs in Tennessee and investments totaled close to $1.1 billion.
In June, Nissan celebrated 30 years of manufacturing at its Smyrna plant by adding more than 900 jobs to support future production of the Nissan Rogue. Nissans announcement marks the first time the Rogue will be produced in the U.S.
Also in June, top global automotive systems and components supplier Magneti Marelli inaugurated its new U.S. automotive lighting plant in Pulaski, Tenn. The plant represented a $53.7 million investment and the creation of 800 new jobs.
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Developments mission is to develop strategies, which help make Tennessee the No. 1 location in the Southeast for high quality jobs. The department seeks to attract new corporate investment in Tennessee and works with Tennessee companies to facilitate expansion and economic growth. Find us on the web: www.tn.gov/ecd. Follow us on Twitter: @tnecd. Like us on Facebook: facebook.com/tnecd.