Volkswagen is celebrating the completion of its first full-fledged assembly plant in Kaluga, around 200 kilometers from Moscow. The company is courting Russian consumers as well as Prime Minister Vladimir Putin, who joined the festivities. The company is hoping to gain ground on other foreign competitors within the promising Russian market and rapidly increase sales.
Vladimir Putin flew by helicopter 200 kilometers (124 miles) south of Moscow to the city of Kaluga to pay his respects to Germany's Volkswagen and its newly expanded operation in the country. The carmaker, already No. 1 in Europe and No. 3 globally, is celebrating the start of its "full production" in Russia. The plant was opened in 2007. Uptil now Volkswagen was only partially assembling components imported from abroad. But now the factory is running the entire manufacturing chain.
Vladimir Putin flew by helicopter 200 kilometers (124 miles) south of Moscow to the city of Kaluga to pay his respects to Germany's Volkswagen and its newly expanded operation in the country. The carmaker, already No. 1 in Europe and No. 3 globally, is celebrating the start of its "full production" in Russia. The plant was opened in 2007. Uptil now Volkswagen was only partially assembling components imported from abroad. But now the factory is running the entire manufacturing chain.
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