Russia's GAZ nearing Volkswagen deal - FT


LONDON, Feb 21 (Reuters) - Russia's GAZ Group expects to sign a deal this week with Germany's Volkswagen to build Skoda and VW cars, the Financial Times quoted a senior company executive as saying. Two auto industry sources told Reuters on Friday that the carmakers were planning a joint venture to produce 300,000 cars a year in Russia. GAZ, controlled by industrial tycoon Oleg Deripaska, would use its plant in Nizhny Novgorod for the joint-venture project, while VW would use its Kaluga ...

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