BMW reaffirms commitment to build Mexican plant
At the launch of the new MINI Cooper S Countryman, German automotive group BMW reaffirmed its commitment to continue its investments in the country and reiterated the opening of its new plant in San Luis Potosi in 2019.
“At the end of the day, in an environment affected by the exchange rate, by any Free Trade Agreement, the road ahead is clear and focused on Mexico”, said Alexander W. Wehr, President and CEO for BMW Group Mexico, Latin America and the Caribbean, at an event held at Casona Juarez in Mexico City, several Mexican media outlets reported.
BMW broke ground earlier this year for the plant in San Luis Potosi where the Series 3 model will be manufactured.
It will be one of BMW’s largest plants outside Germany, as the expansion of the group’s production network has always pursued the goal of supporting the growth of global markets.
The investment of one billion dollars in an initial phase will allow the manufacture of about 150,000 units of the sedan, vehicle that is a symbol and banner of the brand.
– BMW gets loan from three German banks for Mexican plant
– BMW launches training program in San Luis Potosi