Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

End-of-day quote. End-of-day quote  - 02/11
67.18 EUR   -2.75%
02/11 BAYERISCHE MOTO : Officials gear up for the 2016 Lehigh Valley Auto ..
02/11DJDEALERS TELL AU : Send Trucks and SUVs, Not Cars
02/11 BAYERISCHE MOTO : Auto Show aims to keep momentum rolling
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
02/11 BAYERISCHE MOTOREN WERKE : Officials gear up for the 2016 Lehigh Valley Auto Sho..
02/11DJDEALERS TELL AUTO MAKERS : Send Trucks and SUVs, Not Cars
02/11 BAYERISCHE MOTOREN WERKE : Auto Show aims to keep momentum rolling
02/11 BAYERISCHE MOTOREN WERKE : BRIEF: PBSO: Two men wanted in West Palm Beach carjac..
02/11 BAYERISCHE MOTOREN WERKE : BMW at the 86th Geneva International Motor Show 2016.
02/11 BAYERISCHE MOTOREN WERKE : Two-car crash ; IN BRIEF ...
02/11 BAYERISCHE MOTOREN WERKE : Mini makes driving a joy
02/11 BAYERISCHE MOTOREN WERKE : “This Day Forward” released online. Extra..
02/11 BAYERISCHE MOTOREN WERKE : Erm... Wasn't this a car park when I left?
02/11 BAYERISCHE MOTOREN WERKE : Detroit Free Press Mark Phelan column
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials