UPDATE 1-India, Russia vital for Volkswagen's future

Newswire

NEW DELHI, Nov 29 (Reuters) - Germany's Volkswagen sees growing markets like India and Russia as vital for its long-term future and aims to produce up to 110,000 vehicles a year from 2009 in India, a company official said on Wednesday. But chasing new opportunities would not be at the expense of jobs in Europe, Hans Dieter Poetsch, Volkswagen's chief financial officer, told reporters in New Delhi. "Volkswagen is going through a difficult phase in Western Europe, as automobile markets ...

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