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Volkswagen is growing by buying new brands and building new facilities. In the end of 2007 the company built an assembly plant in Kaluga, Russia where it started building Volkswagen Passat and Skoda Oktavia.
From the beginning the German automaker planned to expand the capacity by 2009 and assemble up to 150,000 vehicles in the facility. The 10,000 sq m building is going to give jobs to 3,000 workers by the end of this year. The representative of Volkswagen Group Rus, Natalia Gorelikova, says that at this moment the plant assembles 14 VW models including Golf VI and Touareg and several of Skoda cars.
The manufacturer is planning to start working with such marques as Seat, Bentley, Lamborghini and Scania at the facility in the nearest future. There have also been talks about bringing Audi to the Russian plant.
The vehicles will be delivered to Russian and foreign dealerships and VW promises that their price range will not exceed $10,000 for Russian customers.
Daimler AG has announced that is sold 5.34% of the stake in Tata Motors. The German company has raised more than $400 million for the shares it did not want to hold any more.
General Motors does not have much luck with the brands it was going to sell. From the very beginning the manufacturer did not have much hope for any future of Pontiac and the brand was completely eliminated. Saturn/Opel had several potential buyers, but the deals were not successful as GM thought, so it still belongs to the American company.
In the light of the recent mega-recalls Toyota started losing sales. In order to slow down the production, the manufacturer has decided to close two U.S. plants for an indefinite time till things clear up for the company.
Opel deal still remains unsolved and now General Motors thinks about keeping the brand. So far the spokesman of the company says they would not comment anything on Opel story.