Volkswagen Approves New SUV for America

(Ingo Barenschee, Ingo Barenschee)
(Ingo Barenschee, Ingo Barenschee)
Reported by: Dreanne Newton
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Updated: 1/13 5:42 am
Just hours ahead of its presentation at the North American International Auto Show today, Volkswagen announces a multi-billion dollar investment over the next five years.

VW's C-E-O, Martin Winterkorn, says a midsize S-U-V for America is on its way.  Winterkorn did not say where the new S-U-V would be built, but unnamed sources tell both Bloomberg and Reuters that Chattanooga is preferred over Puebla, Mexico for the new CrossBlue vehicle.

The CrossBlue debuted as a concept car at last year's North American International Auto Show.

VW says it will likely be 2016 before the vehicle hits the market.
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