UPDATE 1-Volkswagen, GAZ to produce VW and Skodas in Russia


* German, Russian firms announce joint venture * Volkswagen also signs up to Russia's localisation plan (Adds Volkswagen comment, detail) MOSCOW, Feb 24 (Reuters) - Volkswagen will produce more than 100,000 Volkswagen and Skoda cars a year at Russian group GAZ's plant as the German carmaker ups its presence in the fast-growing Russian market. Volkswagen also said on Thursday it had submitted a memorandum of intent to the Russian government confirming its commitment to new ...

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