Volkswagen Ag., Europe’s largest carmaker is considering building a new sport utility vehicle at its Chattanooga plant for the U.S. market only, the German daily Financial Times Deutschland reported Friday.
According to the report, the American SUV will offer more room than the Tiguan model and will cost less than the current Touareg model. Market launch is planned for 2015, according to the report.
VW did not commented on the report, but Jonathan Browning, Volkswagen of America’s chief executive said such a model would fit well in the U.S. market and the VW brand.
Speculation is common in the auto industry world, leaders have said in the past.
In April, Bill Visnic, an automotive industry analyst with Edmunds.com, said there has been speculation for about a year regarding the possibility of Audi manufacturing vehicles locally.
Volkswagen reiterates that it wants to boost “Group sales in the United States to more than a million vehicles per year by 2018 at the same time as winning a market share of about six percent for the Volkswagen Group.”
The Chattanooga Assembly Plant has a projected annual production of 150,000 cars beginning with a version of the 2012 Passat, tailored to the US market.