Type:Notice
Citation:86 FR 6865
Reading Time:less than a minute
Volkswagen Group of America Chattanooga Operations, LLC submitted a notification to the Foreign-Trade Zones (FTZ) Board about proposed production activities at their Chattanooga, Tennessee facility in September 2020. The board reviewed the notification and decided that no further examination was necessary. On January 19, 2021, Volkswagen was authorized to proceed with the production activities, following FTZ regulations and laws. The approval is subject to compliance with the FTZ Act and specific board regulations.
Simple Explanation
Volkswagen got permission to make cars in a special area in Chattanooga where they do not have to pay certain taxes. The rules say they can go ahead as long as they follow the special area's laws.