Volkswagen To Invest $7 Billion In North American Operations

The cash infusion is part of an effort to boost sales in the U.S., which slid 7 percent last year. A new 7-seat SUV designed specifically for the American market is a central part of the new investment plan.

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STEVE INSKEEP, HOST:

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INSKEEP: Volkswagen has announced plans to invest $7 billion in its North American operations. It's part of an effort to boost sales in the United States, which slid 7 percent last year. A new seven-seat SUV designed specifically for the American market is a central part of the new investment plan.

It is believed the new vocal will be built at VW's plant in Chattanooga, Tennessee.

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