Friday, July 4, 2014

BMW Brings New North American Plant To Mexico

BMW Harald Kruger + Mexico President Enrique Peña Nieto

It's official: BMW's second North American assembly plant will be built in Mexico, with production to begin in 2019.

Autoblog reports the $1 billion USD plant will be located near San Luis Potosí, and will employ around 1,500 to produce up to 150,000 units per year, the majority of which will likely take auto trains north to the United States as noted by BMW Group board member Harald Krueger:

This decision underscores our commitment to the NAFTA region. We have been building BMW cars at our US plant in Spartanburg for the past 20 years. With a planned annual capacity of 150,000 units for the new plant in Mexico, the BMW Group will be even better positioned to take advantage of the growth potential in the entire region. The Americas are among the most important growth markets for the BMW Group. We are continuing our strategy of "production follows the market."

As for what will be built, BMW remains silent on the subject. Early speculation points to 3 and 1 series production, as well as MINIs.



from The Truth About Cars http://ift.tt/Jh8LjA

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