According to Automotive Information, BMW plans to build a brand-new manufacturing facility in Mexico will be disclosed on Thursday.
Rumors of a new plant in the Americas have been circulating for several years now and Mexico has typically been mentioned as one of the possible nations to host another BMW plant.
A Mexican official, talking on condition of anonymity with Reuters, stated details of the strategies would be made in a statement arranged for July 3.
BMW said today it will certainly make an announcement in Mexico on Thursday. “A choice will certainly be made public,” a BMW spokesperson said.
The same report discusses that the plant would likely total up to a financial investment of at least 1 billion euros ($1.36 billion) and would be found either in Hidalgo state north of Mexico City or San Luis Potosi in main Mexico.
Parts providers told Reuters in October that BMW had currently drawn up a production timetable for Mexico, with a tentative strategy to begin assembly operations in late 2017 ramping up yearly capacity to 200,000 by 2020.