Member access

4-Traders Homepage  >  Shares  >  Xetra  >  Bayerische Motoren Werke AG    BMW   DE0005190003

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

BMW eyes new production sites abroad

05/18/2012 | 07:53am US/Eastern

Premium carmaker BMW (>> Bayerische Motoren Werke AG) is considering new production sites around the world, with one option being Mexico, a person familiar with the situation told Reuters on Friday.

Premium carmaker BMW (>> Bayerische Motoren Werke AG) is considering new production sites around the world, with one option being Mexico, a person familiar with the situation told Reuters on Friday.

German daily Handelsblatt earlier cited company sources as saying BMW was examining whether to build plants in Mexico and eastern Europe. It said Slovakia's Kosice and Hungary's Miskolc were possible candidates.

BMW declined to comment. Earlier this month, it denied reports it plans to build an assembly plant in Slovakia.

Just like its peers, BMW sees sales volume growing faster abroad in coming years than in Europe, where the market is shrinking amid the euro zone debt crisis.

It wants to build a plant in Brazil, but has threatened to pull the plug on this if new government policies there meant it could not profitably make cars.

Volkswagen's (>> Volkswagen AG) premium brand Audi, a rival to BMW, revealed plans last month to build a factory in Mexico to take advantage of low labor costs there, as well as an exemption from import duties in some regions.

(Reporting by Irene Preisinger; Writing by Maria Sheahan; Editing by David Hulmes)

Stocks treated in this article : Bayerische Motoren Werke AG, Volkswagen AG
React to this article
Latest news on BAYERISCHE MOTOREN WERKE A
09:44a BAYERISCHE MOTOREN WERKE : 2015 BMW 1-Series | new car review
01:53a BAYERISCHE MOTOREN WERKE : 11 61 bmw z4 sdrive23i
01/24 BAYERISCHE MOTOREN WERKE : whenigrowup ; YOUNG HOPES AND DREAMS FOR THE FUTURE F..
01/24 BAYERISCHE MOTOREN WERKE : BMW Group unveils parts distribution center in Redlan..
01/24 BAYERISCHE MOTOREN WERKE : REDLANDS: BMW moves its logistics center east
01/24 BAYERISCHE MOTOREN WERKE : BMW, Volkswagen Companion to Develop More Electric Au..
01/24 BAYERISCHE MOTOREN WERKE : Super Bowl Advertisers Turn to NBC's 'Today' and 'Ton..
01/24 BAYERISCHE MOTOREN WERKE : BRIEF: VW, BMW to create U.S. charging network
01/24 BOSTON SCIENTIFIC : Ty Hoffman admits he killed ex-partner at Arden Hills gas st..
01/23 BOSTON SCIENTIFIC : Ty Hoffman says he killed ex-partner after 'heated argument'..
Advertisement
Chart
Duration : Period :
Bayerische Motoren Werke A Technical Analysis Chart | BMW | DE0005190003 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF