BMW Group to build plant in Mexico
The BMW Group, Munich, has announced plans to build a new plant near San Luis Potosi, Mexico. The $1 billion investment is expected to create 1,500 jobs, with production to begin in 2019. Planned annual capacity is 150,000 units.
The company also currently is building a plant in the state of Santa Catarina in Brazil, with production to begin in late 2014.