CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business

BMW reveals $1bn Mexican plant investment

Published: 06 Jul 2014 - 01:22 am | Last Updated: 23 Jan 2022 - 03:22 pm

A BMW car is seen inside a BMW car dealership in Mexico City. The luxury car maker revealed a $1bn Mexican plant investment, to take advantage of the country’s growing industrial base and tariff-free access to the US market. BMW outlined plans to build a factory near San Luis Potosi, central Mexico, in a move that will reduce the German company’s dependence on higher-cost plants at home.