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The future BMW 3 Series will be produced in the new factory from Mexic

BMW joins other European manufacturers in building factories in Mexico to take advantage of low-cost labor, a growing supplier network and free-trade pacts.

The future BMW 3 Series will be produced in the new factory from Mexic

An estimated 70 percent of the vehicles to be produced at the Mexico plant will be sold in the NAFTA region, BMW officials say.


The company, according to media reports in Mexico, received $236 million in local aid in return for a commitment to create 1,500 jobs and invest $1 billion by 2024.




Under the deal, the automaker will not be required to pay state and local taxes for 10 years, Mexican economic development officials said Wednesday at a briefing.






Author: AL
Source: Autolatest

Tags:
bmw mexic plant, new factory bmw nafta mexic, mexic bmw car aseembley plant