Skip to main content

Ads

loading...

Featured Post

The Mountain Goats - In League With Dragons Music Album Reviews

John Darnielle explores the humanity of wizards, sports legends, Ozzy Osbourne, and other folk heroes and beacons of hope.
“Old wizards and old athletes are the same,” John Darnielle said during a Facebook live stream at the headquarters of Wizards of the Coast, the game company that owns Magic: The Gathering and Dungeons & Dragons. He was there to announce the latest record from the Mountain Goats, In League With Dragons, and his rhetoric was appropriately fanciful: “They were once magic,” he offered by way of explanation.

Ads

ads

Flipboard

Flipboard

Facts and Figures: BMW blows $1B into Mexico car plant


BMWs have been oozing out of non-German locations for years (South Africa, the US, and Brazil, for example), the latest incarnation of this new found manufacturing turf does not come as a shock. VW and Audi have found success with this country in the past as has GM and, well, quite a few other automakers. Here are the vital details of today’s exchange:

BMW has maintained a consistent, though quiet presence, doing about $1.6B in business with Mexican firms in FY2013 and sales are up this past year by 18% at 13,992. It’s a number to cough at, but it’s not likely to go down dramatically as BMW pushes the sales of cheaper products such as the 1er (starting at just over $28,000), the X1, the 2er; given that it’s Mexico, BMW does a reasonable business selling armored X5s as well. There is no word yet as to which cars may be produced in Mexico and for which markets.

Investment of roughly one billion US dollars

Mexican state of San Luis Potosí chosen as location

Capacity of around 150,000 units per year

Start of production planned for 2019

Krüger: Decision underscores commitment to the NAFTA region

Munich/Mexico City. The BMW Group will build a new plant in Mexico in close proximity to the city of San Luis Potosí in the state of the same name. This move is in line with the company’s clear strategic policy of ensuring globally-balanced growth.

“Mexico is an ideal location for the BMW Group and will be another important plant within our production network. We will invest one billion US dollars in the new production site over the next few years. Production is planned to start in 2019 and during that year, the workforce will reach around 1,500 people,” said Harald Krüger, member of the BMW AG Board of Management, responsible for Production.

Over the medium term, several thousand jobs will be created on the plant site and in the surrounding area. The company will announce which BMW models will be built at the San Luis Potosí location at a later date.

“This decision underscores our commitment to the NAFTA region. We have been building BMW cars at our US plant in Spartanburg for the past 20 years. With a planned annual capacity of 150,000 units for the new plant in Mexico, the BMW Group will be even better positioned to take advantage of the growth potential in the entire region,” Krüger said. “The Americas are among the most important growth markets for the BMW Group. We are continuing our strategy of ‘production follows the market’,” he continued.

The company made the announcement at the “Los Pinos” Official Residence of the President in Mexico City today. The ceremony was attended by Mexican President Enrique Peña Nieto, Mexican Secretary of Economy Ildefonso Guajardo Villarreal and the Governor of San Luis Potosí, Dr. Fernando Toranzo Fernández.

Mexico as a competitive manufacturing location within the NAFTA region

The large number of international free trade agreements – within the NAFTA area, with the European Union and the MERCOSUR member states, for example – was a decisive factor in the choice of location. Other crucial advantages were the highly-qualified local workforce, a solid network of established suppliers and the well-developed infrastructure. The BMW Group has maintained good relations with Mexican suppliers for many years and purchased products worth 1.6 billion US dollars locally last year.

The BMW Group has operated a local sales company in Mexico since 1994 and sold a total of 13,992 vehicles in the country in 2013. This represents an increase of almost 18.3% over the previous year. Motorcycle sales for the same period reached 2,064 units (+16.6%).

BMW Group investment in the NAFTA area

The BMW Group already announced a further investment of one billion US dollars at its existing plant in Spartanburg, USA back in March of this year. This will increase that plant’s annual production capacity to up to 450,000 vehicles by the end of 2016 and make Spartanburg the largest plant in the BMW Group’s international production network.

A further 200 million US dollars will be invested to expand the joint venture carbon fiber plant in Moses Lake, Washington. This will triple local production capacity over the long term, making the Moses Lake plant the world’s largest carbon fiber manufacturing facility.


The BMW Group will invest a total of 2.2 billion US dollars in the NAFTA region in the period up to 2019.

In parallel, the BMW Group is currently building a plant in the state of Santa Catarina in Brazil. The start of production for the Brazilian plant is scheduled for later this year.

With plants in the US, Mexico and Brazil, the BMW Group will have extensive production capacity at key locations in North and South America.

Comments

ads

loading...
Related Posts Plugin for WordPress, Blogger...
Loading...

Popular posts from this blog

Game Of Thrones Season 8 - End Game With Sinhala Subtitles

Nokia 7.1 Review

With Android One, great build quality and a sensible price the Nokia 7.1 is a winner in a crowded market. Here's our full review
Should I buy the Nokia 7.1?
The Nokia 7.1 is a familiar mid-range phone for the end of 2018: a notch, big bottom chin and dual cameras. But these cameras are pretty good, and the display is lovely.Its build quality is above average though, and with Android One on board and decent performance it’s an excellent mid-range phone with the advantage of three years of guaranteed security updates.

Nokia 7.1 Review: Hands-on

With Android One, great build quality and a sensible price the Nokia 7.1 could be a winner in a crowded market. Here's our hands on review By Henry Burrell | 5 hours ago
The Nokia 7.1 is a familiar mid-range phone for the end of 2018: a notch, big bottom chin and dual cameras.

Huawei Mate 20 X 5G Is First Huawei 5G Phone To Go On Sale In UK

Huawei has confirmed that its first 5G phone will arrive in the UK next month as the Mate 20 X 5G.
A larger version of the Huawei Mate 20, the Mate 20 X has some interesting additions, not least of all in this new edition support for 5G, which promises mobile data speeds 20 times that of 4G. Today Huawei has confirmed the Mate 20 X 5G will go on sale in the UK in June at £999.

Mark Zuckerberg Builds A Sleep Box For Wife To Have A Peaceful Sleep

Facebook founder Mark Zuckerberg expressed his love and gratitude by making an innovative wooden ‘sleep box’ for his wife Priscilla to have a peaceful sleep at night. The American tech entrepreneur, took his Instagram account and showed off his invention that helps his wife to sleep peacefully through the night as she cares for their children. The invention is known as the sleep box and emits a faint light between 6 am and 7 am so, Priscilla Chan can know that their two toddler daughters are about to wake up, without the need to have to check her phone.

Like Fan Page