Volkswagen is not the only automaker going after BRIC (Brazil, Russia, India, China) countries but it certainly means business.  Below are some high-level updates regarding Volkswagen’s investment in Russia:

• VW is one of six automakers said to invest between $4 and $4.5 billion into production in Russia
• VW is expected to contribute around $1 billion
• Much of investment is expected to go into building new factories for Russia-VW joint projects
• Joint ventures are required to manufacture up to 350k new vehicles to be eligible for discounted import duties until 2020
• Russia’s car market should represent about 3.5 million vehicles by 2015

More details of the deal are expected to become available after June 1. Source: WSJ