VW to sign Russia factory deal with Putin - paper

Newswire

MOSCOW, Dec 21 (Reuters) - Volkswagen , Europe's largest car maker, may sign an agreement on Tuesday to build a factory in Russia, Vedomosti business daily reported. The agreement would come during President Vladimir Putin's visit to Germany. The paper quoted Deputy Economy Minister Andrei Sharonov as saying his ministry and VW would sign a memorandum to build the factory in the Moscow region. VW will invest 30 million euros ($40.2 million) in the factory which will initially make 40 ...

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