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BMW Opens Second Plant in China
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<blockquote data-quote="etquah" data-source="post: 18432" data-attributes="member: 16811"><p>BMW, the largest maker of luxury cars in the world, will build a new factory in China to meet rising demand, as sales of its vehicles jumped 37 per cent in the first 10 months of 2009. The new factory will come at a cost of US$732m, with the Munich-based company and its Chinese partner, Brilliance China Automotive Holdings Ltd, each contributing half of the investment. BMW expects an initial capacity of 100,000 vehicles by 2012, with the number eventually growing to 300,000. Capacity at their existing plant in Shenyang will also increase to 75,000 by the end of 2010.</p></blockquote><p></p>
[QUOTE="etquah, post: 18432, member: 16811"] BMW, the largest maker of luxury cars in the world, will build a new factory in China to meet rising demand, as sales of its vehicles jumped 37 per cent in the first 10 months of 2009. The new factory will come at a cost of US$732m, with the Munich-based company and its Chinese partner, Brilliance China Automotive Holdings Ltd, each contributing half of the investment. BMW expects an initial capacity of 100,000 vehicles by 2012, with the number eventually growing to 300,000. Capacity at their existing plant in Shenyang will also increase to 75,000 by the end of 2010. [/QUOTE]
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