BMW planning major investment in Mexico, minister says

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German carmaker BMW is planning a new major investment in the central Mexican state of San Luis Potosi, where the company already has a plant, Mexican Foreign Minister Marcelo Ebrard said Friday.

is planning a new major investment in the central Mexican state of San Luis Potosi, where the company already has a plant, Mexican Foreign Minister Marcelo Ebrard said Friday.

A day earlier, Ebrard and President Andres Manuel Lopez Obrador had said BMW was investing around 800 million euros in San Luis Potosi, without specifying whether it was a new outlay in Mexico. "The president has asked us to speed up investments in our country," Ebrard told reporters following a diplomatic event. "He already announced a very important investment which will be made in San Luis Potosi, by BMW."BMW, which operates three plants in Latin America, opened the billion-dollar San Luis Potosi site in 2019. It currently manufactures the 3 Series, the 2 Series Coupe and M2 models.

 

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