Germany’s Volkswagen (VOWG_p.DE) said on Wednesday it is aiming to invest a total of one billion euros ($1.25 billion) in Russia by 2018, initially expanding by building an engine plant in Kaluga.
Volkswagen will invest 250 million euros in the construction of the plant in Kaluga, a town some 190 km (118 miles) south-east of Moscow. The plant will produce one of the most up-to-date engines, it said, starting from 2015.The number of jobs created is unknown.
via Volkswagen to invest 1 billion euros in Russia | Reuters.
Job Market Monitor 
This is a good news for the automobile sector of Russia. It will provide employment to people and will boost the auto industry .
Posted by Betty Lee | October 20, 2012, 3:31 am