Volkswagen Group of America announced on Tuesday, July 15, 2008 that it will build a U.S. automotive production facility in Chattanooga, where it will produce a car designed specifically for the North American consumer and invest $1 billion in the economy. With the new plant, Volkswagen will bring about 2,000 direct jobs to the area, and will add a significant number of jobs in related sectors. Initial production capacity for the facility is anticipated to be 150,000 vehicles, including a new midsize sedan. Production is scheduled to begin in early 2011.