BMW has announced its plans to invest $1 Billion into a new manufacturing facility in San Luis Potosi, Mexico that will employ about 1,500 workers.
Production is slated to begin in 2019, and initial capacity is pegged at 150,000 units per year. Exactly which models will be built at the plant has not yet been disclosed by the company.
The new plant underscores BMW’s commitment to the US market. “The Americas are among the most important growth markets for the BMW Group,” said Harald Krueger, BMW board member for production. “We are continuing our strategy of ‘production follows the market.’”
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BMW is also dropping an additional $1 billion at its plant in Spartanburg, NC plant to boost capacity to up to 450,000 vehicles by the end of 2016. That investment, along with a further $200 million into a carbon fiber plant in Washington state brings BMW’s total North American investment up to $2.2 billion between now and 2019.
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