BMW To Invest $1.4 Billion In Chinese Operations
Published: May 12th, 2011
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BMW will expand its Chinese joint venture with local automaker Brilliance, in an effort to build 300,000 cars per year in China. BMW’s joint venture near Beijing currently builds the 3-Series and 5-Series, and will add the X1 crossover in 2012.
Plans call for new factories dedicated to vehicle assembly, stamping and a paint shop. These plants will be good for an additional 200,000 units according to BMW.
With China now serving as BMW’s third largest market, expanding domestic production makes sense for the brand, with BMW Chaiman Norbert Reithofer noting that “BMW vehicles are very popular in China. We anticipate that this growth will continue in the future.”
[Source: Inside Line]
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