Today, BMW confirmed what you could read here last week: The Bavarians will build a BMW factory in Brazil. BMW submitted an investment plan to the Brazilian government, BMW says.
Subject to government approval, a plant with a 30,000 unit per year capacity could be finished by 2014. Investments over the next few years will total more than 200 million euros. The plant will reside in the Joinville region of Santa Catarina.
This will be BMW’s first car factory in Brazil. The company has been manufacturing BMW motorcycles at its Manaus location since 2010.
BMW sold a total of 15,214 imported vehicles in Brazil in 2011.