Volkswagen Credit Inc. Expands Illinois Facility

According to Khabarkhodro,VW Credit Inc. declared it will expand its Illinois facility, adding 150 more jobs through 2018.

The company plans to double the size of its facility in Libertyville, Illinois, to align with VW’s ambitious growth strategy in the U.S. VW’s deliveries in the States were up 41% during the first quarter, due to sales of the redesigned Passat sedan built at the automaker’s Chattanooga, Tennessee, assembly plant. The Passat sold 10,032 units in March in the US, the company’s best sales month ever with this model. VW plans to double U.S. sales by 2018, including the Audi luxury brand.

“To now hit a run rate of in excess of 10,000 units for the month is a real step in the right direction and, I think, a further endorsement of our product and investment strategy for the U.S. market,” declared Jonathan Browning, CEO of Volkswagen Group of America.

VW said it will add 800 jobs at its Chattanooga plant to meet demand for the Passat. VW Credit has about 850,000 accounts valued at $20 billion, services 940 dealers in the U.S. and employs about 850 people.