Wednesday, January 25th 2012 - 07:37 UTC

BMW plans to build cars in Brazil as of 2014

Germany’s BMW Ag., the world’s largest luxury carmaker plans to build cars in the Brazilian state of Santa Catarina from 2014 reports Automobilewoche.

The German corporation is the world’s largest luxury carmaker

An official decision by the company will be made shortly following the examination of 26 locations for the plant including in Sao Paulo. Wage costs and other favourable aspects played a decisive role in the choice of Santa Catarina, the article says.

Another source with knowledge of the situation said the plant would make three BMW models and another vehicle under the MINI brand.

Brazil’s auto industry saw sales climb 2.9% last year, less than the 4.2% growth expected by Fenabrave and the 5% growth forecast by auto maker association Anfavea, the daily O Estado de S. Paulo reported Tuesday, quoting industry sources.

O Estado said Italy’s Fiat remained the leading market brand in Brazil last year, selling 754,276 vehicles (22%), followed by Germany’s Volkswagen with 698,404 (20.4%), the US-based General Motors with 632,259 (18.4%), Ford with 314,016 (9.2%) and France’s Renault, with 194,294 (5.7%).

In terms of manufacturing, Brazil is the sixth-biggest vehicle producer in the world.
 

Published in: Economy, Brazil.
Tags: BMW, Brazil, Carmakers.

4 comments Feed

Note: Comments do not reflect MercoPress’ opinions. They are the personal view of our users. We wish to keep this as open and unregulated as possible. However, rude or foul language, discriminative comments (based on ethnicity, religion, gender, nationality, sexual orientation or the sort), spamming or any other offensive or inappropriate behaviour will not be tolerated. Please report any inadequate posts to the editor. Comments must be in English. Thank you.

1 ChrisR (#) Jan 25th, 2012 - 11:06 am Report abuse
OH DEAR!

Argentina missed out again. How can this possibly be? CFK will have to DEMAND a rethink by BMW.
2 geo (#) Jan 25th, 2012 - 07:47 pm Report abuse
make BMW/Mercedes invest to be better of income inequalities..!!
3 briton (#) Jan 25th, 2012 - 07:50 pm Report abuse
well you could apply for the skoda bits .
4 ChrisR (#) Jan 26th, 2012 - 10:50 am Report abuse
2 geo

What are you trying to say? 'invest to be better of income qualities - it's gibberish.

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!