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BMW will release official details regarding the Mexico factory

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.

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BMW Toyota Sportscar Confirmed

It is finally official. BMW and Toyota confirmed that the two companies are working together to develop a future sportscar. Not just one car, but rather two.
“We have agreed on a joint architecture for a sports car. What is important is that there will be two different vehicles that are authentic to the two brands,” BMW Development Chief Herbert Diess told Germany’s Frankfurter Allgemeine Zeitung, Reuters is reporting.
Diess refrained to go into the specifics but the rumormill churns out that a Z5 model could be in works, or even a hybrid supercar.

The rumormill mentions that naturally aspirated, supercharged, and turbocharged versions are reportedly being considered paired with electric motors. A source told MotorTrend in the past that Toyota has been working on an all-wheel-drive GT86 equipped with front in-wheel motors and that this setup could make it into the new BMW-Toyota sports car.
Additionally, the source says that BMW and Toyota products will have significantly different sheetmetal, unlike the GT86/FR-S/BRZ models.
We expect to learn more about this project in early 2014.

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