Reuters (Frankfurt) - German carmaker Volkswagen (VOWG_p.DE) said it plans to invest about 250 million euros (198 million pounds) to erect an engine plant in Russia to shore up its presence in one of its key growth markets.
VW said on Tuesday that the engine factory in the Russian city of Kaluga would start producing from 2015 and would have an output capacity of 150,000 engines per year.
Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service: buyer-support@gasgoo.com Seller Service: seller-support@gasgoo.com
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com
