VIENNA –Volkswagen AG begins construction of its assembly plant on the outskirts of Kaluga, near Moscow, that will have an annual capacity of 115,000 vehicles. “This investment in Kaluga is of great strategic importance," VW CEO Bernd Pischetsrieder says in a statement. "By producing in Russia, (VW) has the chance to profit from dynamic growth in the Russian automobile market." In the first phase, plans call for the assembly of Skoda Auto a.s. and VW cars from semi-knocked-down kits. The ...
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