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The Volkswagen concern has confirmed its plans to open a car-manufacturing plant in Russia
The Volkswagen concern has confirmed its plans to open a car-manufacturing plant in Russia, an investment tentatively estimated at 330 million euros, the Ministry of Industry and Energy said Friday. "The details of the project have not been discussed yet," the ministry said. Volkswagen top managers said the plant would house full-scale production, the ministry said. The ministry said Volkswagen was ready to invest 330 million euros in the plant with a production capacity of 80-150,000 cars per year. The company will be producing the VW Pointer microcar, which sells for up to $10,000.
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