Volkswagen Chattanooga Celebrates New Graduates
Volkswagen Chattanooga celebrated its second class to graduate from the Volkswagen Academy’s three-year Automation Mechatronics Program (AMP) today in a ceremony that highlighted the German ‘dual education’ system.
Volkswagen also announced the creation of the Engineering Specialist Training program, which targets candidates who have already earned their Bachelor’s degree. They would then receive a concentrated 18-month program that highlights the same hands-on experience of the mechatronics training coupled with three months of international experience at Volkswagen’s headquarters in Wolfsburg, Germany.
“Volkswagen Chattanooga put this program in place to play an active part in developing the skilled workforce here in Hamilton County. We believe these skills are important because they support jobs that add value to the economy,” said Christian Koch, President and CEO of Volkswagen Chattanooga.
A dual education system combines vocational classroom education and paid on-the-job training in one course. Students receive hands-on-training in mechanical systems, electricity, electronics, machining, welding and automated systems among other disciplines.
“Through these programs, Volkswagen Chattanooga is thinking globally and acting locally,” said Sebastian Patta, EVP Human Resources. “Why import talent, when we can develop it here and create a lasting impact on the economy? We are committed to training our local workforce with the most advanced technical skills specific to our developing business needs,” Patta said.
After being the first company to be certified by the by the Association of German Chambers of Commerce and Industry (DIHK) and the German American Chambers of Commerce (AHK USA) for the Automation Mechatronics Program in 2013, the Volkswagen Academy will be receiving another certificate in 2014 for outstanding performance and is now recognized as an educational institute by the German American Chamber of Commerce.
The certificate acknowledges companies training according to the German standards in the highest category defined by the Association of German Chambers of Commerce and Industry (DIHK) in Berlin.
“Volkswagen’s Automation Mechatronics program is an exceptional example of what a vocational training program in the U.S. can be,” said Martina Stellmaszek, President and CEO, German American Chamber of Commerce of the Southern U.S., Inc. “The continued success of this program and its graduates is directly tied to Volkswagen’s ongoing partnership with local colleges throughout Tennessee. Vocational training programs like Volkswagen’s, are graduating candidates who are well-trained, prepared and have the skills needed to perform the job.”
Volkswagen Chattanooga partners with Chattanooga State Community College to implement the Automation Mechatronics Program in the cutting edge 163,000 sq. ft. Volkswagen Academy.
For more information or to enroll in the Volkswagen Academy, please GO HERE.
More Business News
Last Update on October 09, 2015 17:12 GMT
WASHINGTON (AP) -- Cheaper oil and less demand for autos and machinery weighed on wholesalers in August, as their inventories edged up just slightly while sales dropped.
The Commerce Department said today that wholesale stockpiles rose 0.1 percent, and sales fell 1 percent. Sales have slid 4.7 percent over the past 12 months. Inventories have increased 4.1 percent.
Falling oil prices account for much of the declining sales.
Oil inventories -- which are measured in dollars -- plummeted 4.6 percent in August and 36.6 percent over the past 12 months. Sales of autos and machinery also slipped. But rising inventories for equipment, pharmaceuticals and chemicals suggest that wholesalers still see ongoing demand heading into end of the year.
Wholesale inventories are at a seasonally adjusted $583.9 billion, 4.1 percent above a year ago.
Sales weakened as the broader economy began to cool in August, hampered in large part by the risks of a worldwide deceleration in economic activity.
NEW YORK (AP) -- A voting member of the Federal Reserve's policy committee says that he still thinks an interest-rate increase will be appropriate by year's end. But he acknowledges that the outlook for the economy appears cloudier than it did a few weeks ago.
Dennis Lockhart, president of the Fed's Atlanta regional bank, noted that the most recent economic figures have sent mixed signals, with higher risks than he had earlier forecast. Notably, the government said last week that employers cut back sharply on hiring in September and added fewer jobs in July and August than previously thought.
Lockhart said he will closely review consumer activity before deciding how to vote on whether to raise rates at one of the Fed's two final meetings of 2015.
For now, he said, he thinks the economy's progress remains "satisfactory."
Lockhart made his remarks to the annual meeting of the Society of American Business Editors and Writers in New York.
WASHINGTON (AP) -- The head of the Federal Reserve Bank of New York says that a Fed rate hike remains likely this year but that a final decision will depend on how the economy performs.
In an interview with CNBC, William Dudley says he expects solid U.S. economic growth to offset weakness overseas, which is hurting U.S. exports. But he says the economy will need to further improve for the Fed to raise rates from record lows.
The Fed's final two meetings of 2015 will be later this month and in December. Though Dudley says a rate hike could theoretically occur at any meeting, his comments seemed to favor December over October.
Some economists still think the Fed will delay a hike until 2016 because of pressures from overseas and excessively low inflation.
NEW YORK (AP) -- Wal-Mart has named Brett Biggs, an executive in its international division, as its next chief financial officer.
Biggs will take over on Dec. 31, though Charles Holley, who is retiring, will remain with Wal-Mart for a month to help with the transition.
Biggs has been CFO and executive vice president of Wal-Mart's international business since 2014. He has played a number of roles at Wal-Mart since joining the company in 2000.
Holley has been CFO for nearly five years and has been with the company for more than two decades.
Wal-Mart, the world's largest retailer, is trying to boost sales. It has increased spending on its online operations to compete with Amazon.com and other online retailers, and it is trying to improve its selection and customer service at stores.
Hats from the HeartShow your support for breast cancer patients in our community.
The Human RaceCheck out videos on The Human Race here!
Side RoadsTake a ride with Brian Smith to explore the unique people and places to be found along the Sideroads of the NewsChannel 9 viewing area.
The Good LifeCelebrating the events, adventures and activities that represent "The Good Life" in the NewsChannel 9 viewing area.
Closings and DelaysThese are the latest School and Business Closings reported to NewsChannel 9. If you see errors or need to add a school or business, call 423-757-7320.
Educator of the WeekView the 2015 Tennessee Lottery Educator of the Week!
Deaf & Hard of HearingInformation provided to NewsChannel 9 by members of the Deaf and Hard of Hearing Community.
Sponsored EventsCheck Back Often for NewsChannel9 Sponsored Events!