This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

500000th Volkswagen Rolls Off Assembly Line In Kaluga

KALUGA, Russia, December 6, 2012 /PRNewswire/ --

The 500000 th motor vehicle rolled off the Volkswagen Group Rus plant's assembly line in Kaluga on November 21.

The jubilee car, a Volkswagen Polo sedan, painted the official colors of the 2014 Sochi Winter Olympics and Paralympics, was handed over to the city's sports and fitness center Leader - a municipal budget-funded institution whose mission, among other things, is to promote physical rehabilitation and social adaptation of people with limited health abilities.

The company is pushing ahead with unflagging efforts to increase its production capacity. Plans for building a gasoline engines plant feature prominently on its near-term agenda. The first engines of local manufacture are expected in 2015.

"The 500000 th vehicle manufactured in Russia is a happy and memorable event for the Volkswagen Group Rus and also an indication of successful economic and social cooperation with Russia. It is only three years since the launch of the full production cycle plant in Kaluga. Over this period of time we managed to significantly build up the production potential. Currently, more than half of the vehicles the company sells on the Russian market are made in Russia," says Volkswagen Group Rus CEO Markus Ozegovic. 'We very much appreciate the support we get from the Kaluga Region's government, and we are very glad to give the jubilee Polo sedan as a gift to the city, which can use it at local sports events."

About the region's automotive industry prospects Governor Anatoly Artamonov said creation of new high-tech industries was a priority.

"We've got to get better every single day, to introduce new technologies, to keep abreast with progress in science and engineering," Artamonov said. "This will surely contribute to further improving the investment climate and the personnel potential of the region and give the people here a better life."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,677.90 +216.58 1.32%
S&P 500 1,950.82 +23.71 1.23%
NASDAQ 4,452.7920 +69.9450 1.60%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs