Investing
BMW launches new sports car line in Mexico after plant expansion
Published by maria gbaf
Posted on September 6, 2021
Global Banking and Finance Review
Company
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by maria gbaf
Posted on September 6, 2021
MEXICO CITY (Reuters) – German automaker BMW kicked off a new production line on Thursday for its Series 2 Coupe compact sports car at the company’s two-year-old factory in central Mexico, doubling down on its Mexican operations in a push to accelerate global sales.
Exports of the new models to North America are expected to begin by the end of this year, with European sales set to start in early 2022, the company said in a statement.
According to BMW’s U.S. web page, the 2022 models’ starting price will range from about $36,000 to $59,000.
BMW invested $125 million in the new production line for its San Luis Potosi factory, expanding its capacity beyond assembly of its initial model, the Series 3 sedan.
The Mexican investment comes as fears that global demand for such high-end goods could slow as new variants of the coronavirus spread and the auto industry continues to struggle with a semiconductor chip shortage.
BMW did not say in the statement how many units of the new Series 2 Coupe it plans to produce at its Mexican plant, the carmaker’s only facility that will assemble the 4,000-part model.
(Reporting by Sharay Angulo; Editing by David Alire Garcia and Richard Pullin)
MEXICO CITY (Reuters) – German automaker BMW kicked off a new production line on Thursday for its Series 2 Coupe compact sports car at the company’s two-year-old factory in central Mexico, doubling down on its Mexican operations in a push to accelerate global sales.
Exports of the new models to North America are expected to begin by the end of this year, with European sales set to start in early 2022, the company said in a statement.
According to BMW’s U.S. web page, the 2022 models’ starting price will range from about $36,000 to $59,000.
BMW invested $125 million in the new production line for its San Luis Potosi factory, expanding its capacity beyond assembly of its initial model, the Series 3 sedan.
The Mexican investment comes as fears that global demand for such high-end goods could slow as new variants of the coronavirus spread and the auto industry continues to struggle with a semiconductor chip shortage.
BMW did not say in the statement how many units of the new Series 2 Coupe it plans to produce at its Mexican plant, the carmaker’s only facility that will assemble the 4,000-part model.
(Reporting by Sharay Angulo; Editing by David Alire Garcia and Richard Pullin)