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The German auto giant Volkswagen plans to invest 250 million Euro into construction of auto mobile engine plant in Kaluga.
The plant is expected to produce 150 thousand engines a year, says BBC referring to the company.
The German auto concern is going to invest about 1 billion Euro into production development in Russia up to 2018.
Volkswagen AG is the largest foreign investor into the Russian auto industry. In 2007 the company opened an auto plant, which produces 225 thousand cars a year. The sum of investments equaled 774 million Euro.
Author: Irina Fomina
