Governor Warner approved a $500,000 grant from the Governor’s Opportunity Fund to assist the City of Newport News and its economic development authority with the project. “With the roll-out of our new Deka VII fuel injector, we are confident our operations in Newport News will live up to that reputation and help us write the next successful chapter for this region.” For more information: “The history and reputation of Siemens VDO operations here in Newport News stands up to the best of our company’s operations anywhere in the world,” said Terry Stinson, Vice President and General Manager, Fuel Components Division, Siemens VDO Automotive. Worldwide sales reflecting fiscal year 2001/2002 totaled $8.5 billion.
#SIEMENS VDO AUTOMOTIVE PLUS#
Siemens VDO Automotive is a tier-one supplier of automotive electronic/electrical systems and components with applications covering gasoline and diesel powertrain technologies, safety and chassis systems, body electronics, plus interior products including infotainment systems. We appreciate the company’s continuing commitment to the state.” “This announcement brings 107 new jobs to the Virginia Peninsula and secures Siemens VDO Automotive as a corporate citizen for years to come. “Siemens VDO Automotive is one of Newport News’ largest manufacturing employers,” said Governor Warner. at the company’s 100th Anniversary Celebration launching the new F-150 at the Norfolk Assembly Plant. In June, Governor Warner joined Ford Motor Company Chairman and CEO Bill Ford, Jr. Governor Warner – an active supporter of the industry – traveled to the Detroit area earlier this year to meet with automotive executives at the Automotive News World Congress.
The Commonwealth’s automotive and automotive parts manufacturing facilities employ more than 25,000 Virginians. The announcement is one of four automotive expansions that Governor Warner unveiled today, totaling more than 400 new jobs and $58 million in capital investments across the state. This expansion and job creation will occur over a 30 month period. Siemens VDO’s decision to expand in Newport News will create 107 new jobs. Warner today announced that Siemens VDO Automotive will invest $47.25 million to expand its Newport News facility and manufacture its next-generation fuel injectors for gasoline engines.
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