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Automobilwoche: BMW to build plant in Mexico

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Staff writer ▼ | May 21, 2014
BMW plans to announce in July that it will build its first assembly plant in Mexico and has earmarked two regions where the site could be built, Automobilwoche reported.
BMW
BMWBMW plans to announce in July that it will build its first assembly plant in Mexico and has earmarked two regions where the site could be built, Automobilwoche reported.


With numerous free trade accords, a cheap and able labor force and proximity to the lucrative US auto market, Mexico keeps attracting investment by foreign carmakers such as Audi and Honda Motor Co.

BMW's Mexican factory will either be built in the state of Hidalgo or in San Luis Potosi and will initially produce as many as 100,000 cars per year, the German magazine said. Models likely to be built at the site include the 3-Series saloon, according to Automobilwoche.

BMW said in March it will ramp up annual production capacity at its US factory in Spartanburg, South Carolina to 450,000 vehicles by 2016, in a move that cuts the manufacturer's dependence on fragile European markets.


 

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