Member access

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

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

BMW eyes new production sites abroad

05/18/2012 | 07:53am US/Eastern
Recommend:
0

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
Recommend :
0
React to this article
Latest news on BAYERISCHE MOTOREN WERKE A
1h ago BAYERISCHE MOTOREN WERKE : Cars in A1035 crash ; In Brief
12h ago China fines Japanese auto parts makers record $201 million for price-fixing
13h ago BAYERISCHE MOTOREN WERKE : New BMW X4 Sports Activity Coupe expands range in Kuw..
14h ago Geely's Volvo Car raises 2014 sales outlook after strong H1
16h ago BAYERISCHE MOTOREN WERKE : New 2 Series Coupe raises the bar in both driving and..
1d agoDJLG Chem in Deal to Supply Batteries to Audi
1d ago LEAR : nears deal to buy Eagle Ottawa for more than $800 million: WSJ
1d ago BAYERISCHE MOTOREN WERKE : Astle BMW bought out ; Month in Review
1d ago BAYERISCHE MOTOREN WERKE : WREXHAM A motorcyclist has been ; AROUND WALES
1d ago SCHNEIDER ELECTRIC : Emission free driving: BMW electric car to be showcased at ..
Advertisement
Chart
Duration : Period :
Bayerische Motoren Werke A Technical Analysis Chart | BMW | DE0005190003 | 4-Traders
Income Statement Evolution
Bayerische Motoren Werke A : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF