New VW plant symbolises Russia's FDI boom

Newswire

By Douglas Busvine KALUGA, Russia, Nov 28 (Reuters) - Germany's Volkswagen opened its first car plant in Russia on Wednesday, marking a milestone in Russia's accelerating foreign investment boom four days before voters elect a new parliament. Just 13 months after laying the corner stone on a greenfield site near Kaluga, 200 km (125 miles) southwest of Moscow, the 1 billion euro ($1.5 billion) factory will assemble 66,000 VW Passat and Skoda Octavia cars next year. Output will ramp up ...

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