According to The Times Free Press, the Spanish automotive supplier Gestamp, plans to open a new pressing plant in Chattanooga to service Volkswagen. 

Gestamp already has a facility in Chattanooga and this new facility will service VW's upcoming midsize sport utility vehicle, according to the newspaper.

The Wall Street Journal reported on Saturday, this would create 500 jobs.

U.S. Sen. Bob Corker, Tennessee Gov. Bill Haslam along with VW plant officials and others are slated to take part in a announcement Tuesday.

Read more at the Times Free Press