VW, Russia's GAZ in 300,000 cars per yr JV -sources

Newswire

MOSCOW, Feb 18 (Reuters) - Germany's Volkswagen and Russia's GAZ Group plan to form a joint venture in order to produce 300,000 cars per year in Russia, two sources in the auto industry told Reuters on Friday. The joint venture will produce a range of Volkswagen brands including the Jetta, Skoda Octavia and Skoda Yeti models, the sources said. The Russian press departments of both firms declined to comment on the matter. Volkswagen in October said it was in advanced talks to ...

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