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VW to Reduce Russian Output

2015-03-23 16:01:14| Automakers - Topix.net

Volkswagen AG is scaling back production at its site in Kaluga, Russia amid persistently weak demand and slim chances of an improvement any time soon, the company said Monday. The move comes as sales of passenger cars and light commercial vehicles in Russia plunged 38% in February, after a 10% decline in 2014, according to the Association of European Businesses.

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