Jul07

Harald Krüger, member of the BMW AG Board of Management, responsible for Production, together with Mexican President Enrique Peña Nieto at the announcement of the plant in Mexico.

Harald Krüger, member of the BMW AG Board of Management, responsible for Production, together with Mexican President Enrique Peña Nieto at the announcement of the plant in Mexico.

Early last week, the BMW Group announced at the “Los Pinos” Official Resident of the President in Mexico City that they will be building a new plant in Mexico. The ceremony was attended by Mexican President Enrique Pena Nieto, Mexican Secretary of Economy Ildefonso Guajardo Villarreal and the Governor of San Luis Potosi, Dr. Fernando Toranzo Fernandez. The plant will be built close to the city of San Luis Postosi. Plants in the United States, Brazil and now Mexico will ensure BMW an extensive production capacity within the key locations in both the North and South Americas. Essentially, the key reasoning behind building a plant in Mexico is to further ensure and a globally-balanced growth for the BMW Group.

The key decision behind building plants in these regions is due to the array of international free trade agreements, within the NAFTA area, European Union, and the MERCOSUR member state. Two more prominent advantages of building a plant in Mexico are: increasing workforce and the existing network of suppliers. Harald Kruger, a member of the BMW AG Board of Management, who is responsible for sales has stressed that this plant “will open up 1,500 jobs once production [is scheduled to] start in 2019”.

The BMW Group will be announcing at a later date exactly which BMW models it will be building at the Mexico Plant. However, the one bit of big news that they did share with the public is that they will have invested a total of 2.2 billion US dollars in the NAFTA region once the plant begins production in Mexico in 2019.

Source: http://f30.bimmerpost.com/forums/showthread.php?t=1005156

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