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VW poised to sell 200k units in Russia

Posted Thursday, Jul 03, 2008 by iicky

Volkswagen is yet another car company that sees vast potential in Russia, due in part to the large quantity of low-cost automotive suppliers in the region. The automaker is targeting sales of 200,000 units per year from the home of Ivan the Terrible by 2009 or 2010, up from about 50,000 this year. VW has has put its money where its plans are, too, with a new plant in Kaluga, which sits between Moscow and St. Petersburg. The facility will eventually produce 150,000 vehicles per year, starting with the Skoda Octavia in October, followed by the Jetta and a Polo-like vehicle.

Tags: Euro, Manufacturing, Plants, Volkswagen

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iicky

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  • Since: 2 Jun 2008
  • Last Login:1 Dec 2008

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