BMW moves forward with new plant in Mexico

17/06/2016 USA Today

BMW has started construction of a new factory in Mexico, becoming the latest automaker to head south of the border.

The BMW Group’s new facility, estimated to be ready for production in 2019, will be located in San Luis Potosi, an area that’s home to several auto plants from various makers. Construction began Thursday with a groundbreaking ceremony. It will be building the BMW’s best-selling car line, the BMW 3 Series, and is expected to meet a production capacity of up to 150,000 cars per year. The BMW Group is investing around $1 billion in the plant, which is expected to create 1,500 new jobs.

BMW adds to the growing number of automotive jobs that have migrated to Mexico over the past decade. Mexico has seen a 40% increase in auto jobs from 2008 to 2014, according to the Center for Automotive Research. The U.S. has only seen a 15% increase in the same period.

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