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.
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Last Update on August 28, 2015 17:24 GMT
WASHINGTON (AP) -- Federal Reserve Vice Chairman Stanley Fischer says that incoming economic data and market developments will likely determine whether the Fed boosts interest rates in September.
Fischer says that before the recent turbulence in financial markets, there was a "pretty strong case" for starting to hike rates in September. But he adds that the Fed is watching how events unfold following the surprise announcement by the Chinese that they plan to devalue their currency.
Fischer says that central bank officials have not made a decision yet on whether to raise rates but would be closely following data such as next week's jobs report and market moves before the Sept. 16-17 meeting.
Fischer said the plan is still to move rates up very slowly and gradually.
WASHINGTON (AP) -- U.S. consumers increased their spending by a moderate amount in July, while income growth was propelled by the largest jump in wages and salaries in eight months.
The Commerce Department says spending rose 0.3 percent in July, helped by a big jump in purchases of big-ticket items such as cars. June's result was revised up to a matching 0.3 percent gain.
Incomes increased 0.4 percent. The key category of wages and salaries rose 0.5 percent, the biggest advance since last November.
The report indicates that consumer spending, which accounts for 70 percent of economic activity, got off to a good start in the third quarter. Economists believe the economy will be fueled in the second half of this year by solid income and spending gains.
WASHINGTON (AP) -- Plummeting stock prices have taken a toll on U.S. consumer confidence, though there are signs the setback may be temporary.
The University of Michigan says its consumer sentiment index fell to 91.9 this month from 93.1 in July. The index is still up 11.4 percent from a year ago.
The figures provide an early read of the impact on consumers from the 1,900 point drop in the Dow Jones industrial average over six days through Tuesday. Stock prices have since recovered some of those losses.
The University of Michigan surveys consumers throughout the month and so some of the responses were tallied as the stock market plunged.
Even so, the survey also found that Americans remain confident about the U.S. economy and their personal finances.
FACEBOOK-ONE BILLION A DAY
NEW YORK (AP) -- You, your mom, your grandma and elementary school buddy Lawrence might have been some of the billion people who logged in to Facebook on Monday -- the first time that has happened in a single day. That's right, one billion people, or one-seventh of the Earth's population.
It was a big symbolic milestone for the world's biggest online social network, which boasts nearly 1.5 billion users who log in at least once a month. CEO Mark Zuckerberg marked the occasion with a Facebook post.
Most of the billion people who logged in on Monday were outside the U.S. and Canada. Of Facebook's overall users, more than 83 percent come from other countries. This is also where Facebook's next billions of users will likely come from as it grows.
NEW YORK (AP) -- The CEO of adultery website Ashley Madison is stepping down in the wake of the massive breach of the company's computer systems and outing of millions of its members.
Avid Life Media Inc., Ashley Madison's parent company, says Noel Biderman's departure was a mutual decision and in the best interest of the company.
Hackers originally breached Avid Life's systems in July and then posted the information online a month later after the company didn't comply with their demands to shut down.
Ashley Madison, whose slogan is "Life is short. Have an affair," purports to have nearly 40 million members.
WASHINGTON (AP) -- Republican presidential candidate Donald Trump is promising to offer a plan within a month to overhaul the tax system, calling himself "king of the tax code."
He's been hinting at such a plan recently, saying that wealthy Americans should pay more.
In a phone-in interview Friday on MSNBC's "Morning Joe" show, Trump says, "I know the hedge fund guys. ... These guys don't really build anything. They shuffle papers back and forth."
Trump says he'll unveil a plan to simplify the tax code and eliminate some deductions, asserting "nobody knows the tax code better than I do."
Trump says hedge fund managers are big supporters of Democrat Hillary Rodham Clinton and GOP rival Jeb Bush and adds, "I will have a plan."
He says hedge fund managers won't be happy.
NEWPORT BEACH, Calif. (AP) -- Defense Secretary Ash Carter is announcing that the Pentagon will fund a new venture to develop cutting-edge electronics and sensors that can flex and stretch and could be built into clothing or the skins of ships and aircraft.
The high-tech investment could lead to wearable health monitors that could be built into military uniforms or used to assist the elderly. Or it could foster thin, bendable sensors that could be tucked into cracks or crevices on weapons, ships or bridges where bulky wiring could never fit. The sensors could telegraph structural problems or trigger repair alerts.
Carter plans to lay out the details for the newly created high-tech innovation institute in a speech Friday in California's Silicon Valley.
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