RSS   Newsletter   Contact   Advertise with us
Post Online Media
Auto industry   "There has been no news so far"

BMW to decide on construction of Russian plant in Jan–Jun 2018

Maximilian KellnerBMW will decide on construction of a Russian plant in January–June 2018, BMW Group Russia CEO Maximilian Kellner told reporters.

Article continues below

READ MORE Whole Foods' 'greedy bastards' to earn $300 million

"There has been no news so far. We continue negotiations with the Kaliningrad government, and we are advancing in them. But we have not made a decision so far.

"We are discussing signing of a special investment contract with the regional and federal governments, but we have not agreed on whether we would file a request to sign it. We will decide in 2018, probably in the first half of the year,” he said.

BMW may have to invest more than 50 million euros in the plant, he said, adding that the company will build a production line at the site of Kaliningrad Region’s carmaker Avtotor.

What to read next

We use cookies to ensure that we give you the best experience on our website. Please allow cookies for fully-functioning website.

Allow Cookies Privacy Policy