BMW plans $1-billion investment in Mexico

Jul 03, 2014 | 05:01 PM | Jo Isenberg-O’Loughlin

Tags  auto production, new plant, BMW AG, Mexico, San Luis Potosi, Nafta, North American Free Trade Agreement, Harald Krüger Jo Isenberg-O'Loughlin

NEW YORK — BMW Group’s commitment to globally balanced growth and the North American Free Trade Agreement (Nafta) region took on a mega-dollar dimension July 3 when the premium automaker announced plans to build a $1-billion production plant near San Luis Potosi, Mexico.

"Mexico is an ideal location for the BMW Group and will be another important plant within our production network," Harald Krüger, a member of BMW AG’s management board responsible for production, said in a statement. "Production is planned to start in 2019, and during that year....

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