Volkswagen of America, Inc. recently announced that it will move its U.S. corporate headquarters to Fairfax County, Va. The site also will be the U.S. headquarters for Audi of America, Inc., Audi Financial Services, Volkswagen Credit and other affiliated operations.

The company will invest more than $100 million and create 400 jobs for the local economy when it moves into the Herndon area of the county in 2008.

The Fairfax County EDA worked with the Virginia Economic Development Partnership on the project.

The company’s new U.S. corporate headquarters will be a 185,000 square foot building in the Woodland Park business campus, three miles from Dulles Airport. The company intends to occupy the entire building, which is still under construction.

Founded in 1955, Volkswagen of America, Inc. is a wholly owned subsidiary of Wolfsburg, Germany-based Volkswagen AG. The company is number 16 on the Fortune Global 500 list and is the world’s fourth largest automobile company.

“Volkswagen of America is eager to embark on a long and fruitful partnership with Virginia, and to call Fairfax County home,” said Stefan Jacoby, president and CEO of Volkswagen of America. “Virginia is a perfect fit for us as we take our company in an aggressive new direction."

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