BMW Announces Plan To Build First Mexican Factory

BMW says the plant will employ about 1,500 people and will produce up to 150,000 cars a year. BMW's only other North American factory is in Spartanburg, S.C.

Copyright © 2014 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

DAVID GREENE, HOST:

NPR's Business News begins with BMW looking south. The German automaker has announced plans to spend a billion dollars on a new factory in Mexico. BMW says the plant, it's first in Mexico, will employ about 1,500 people and produce up to 150,000 cars a year. BMW's only other North American factory is in Spartanburg, South Carolina. This spring, BMW said it will invest a billion dollars in that plant as well to increase its production capacity to 450,000 cars by the end of 2016.

Copyright © 2014 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.