Why Volkswagen Stock Is Higher This Afternoon

NEW YORK (TheStreet) -- Shares of Volkswagen  (VLKAY) are up 0.86% to $50.43 after the automobile manufacturer awarded the production of a new midsize SUV to the Chattanooga plant in Tennessee, as it invests about $900 million and creates 2,000 additional jobs in the U.S.

About $600 million will be invested in Tennessee.

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VLKAY ChartVLKAY data by YCharts

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