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NASHVILLE (AP) — A Spanish auto parts manufacturer is investing $94.7 million in an expansion of its Tennessee operations that is expected to create 260 new jobs over five years.
The Tennessee Department of Economic and Community Development says the project that will expand two plants marks Gestamp’s third expansion in the past 10 years in Chattanooga.
Gestamp provides structural metal stampings and welded assemblies to automotive original equipment manufacturers. The company has more than 100 plants worldwide.
The expansion in both plants in Chattanooga will add capacity due to new electric vehicle production, in addition to other improvements.