Germany's BMW AG (BMWG.DE) will unveil this week strategies to build a new manufacturing facility in Mexico, a government official mentioned, as the organization seeks to meet up with increasing demand for quality autos. News of the manufacturing unit will come just days soon after BMW's German rival, Daimler, announced equivalent plans, and adds to a increasing listing of companies plowing money into automobile making in Mexico. Speaking on situation of anonymity, the Mexican official explained the plant would likely amount to an expenditure of at the very least one billion euros ($one.36 billion) and would be situated both in Hidalgo point out north of Mexico Metropolis or San Luis Potosi in central Mexico. A spokesman for Munich-based mostly BMW stated earlier on Monday that "a choice will be produced community" on July three. BMW declined to remark even more. A new manufacturing facility in Mexico would occur on leading of BMW's plans to invest $one billion to grow capacity by fifty p.c at its plant in Spartanburg, South Carolina. BMW Chief Executive Norbert Reithofer mentioned last 7 days that the Bavarian carmaker was even now deliberating about exactly where to find a new manufacturing facility and would get to a decision before the summer time crack. Quality car makers BMW, Audi and Mercedes-Benz are increasing global creation as their factories in Germany struggle to fulfill powerful desire for off-street autos and limousines in the United States and Asi 信箱服務. Supplier sources explained BMW had previously mapped out a production timetable for Mexico, with a tentative program to begin assembly in late 2017, ramping up annual potential to two hundred,000 by 2020. On Friday, Daimler AG (DAIGn.DE) and Renault Nissan (RENA.PA) (7201.T) said they would commit 1 billion euros ($1.36 billion) to build little vehicles and construct a manufacturing unit in Aguascalientes, Mexico. Manufacturing in Mexico makes it possible for European vehicle makers to offer autos in the United States while avoiding some of the currency and tariff charges that crimp income on imports. Mexico also delivers reduced labor fees than Germany and the United States. Daimler's Mercedes-Benz, Nissan Motor Co, Honda Motor Co (7267.T), Mazda Motor Corp (7261.T) and Volkswagen AG (VOWG_p.DE) already have large car plants in Mexico. At close to $two.50 an hour, producing wages in the country are practically 20 p.c less expensive than in China, according to a Lender of The united states research. That examine set U.S. producing wages at just beneath $20 an hour, on typical. German vehicle makers' all round output is established to increase for the fifth 12 months in 2014, driven by abroad creation, German auto market association VDA has said.信箱出租
- Jul 01 Tue 2014 12:15
BMW to expose Mexico factory strategies this 7 days: official
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