Volkswagen Group of America, Inc., the North American subsidiary of German automaker Volkswagen, has signed a 20-year lease agreement for a new logistics facility at Port Freeport, Texas. The new hub will enable Volkswagen to import approximately 140,000 vehicles per year from its production hubs in Mexico, as well as imports from Europe, according to a company press release. The facility at Port Freeport is intended to serve nearly one-third of Volkswagen’s U.S. dealer network of over one thousand dealerships. Volkswagen and developer KDC aim to break ground on the new location later this year and expect for the facility to be operational in early 2024.

Last Updated on October 12, 2022 by Ramin Seddiq