BMW AG plans to announce in July that it will build its first assembly plant in Mexico and has earmarked two regions where the site could be built, Automobilwoche reported on Sunday, without citing the source of the information.
With numerous free trade accords, a cheap and able labor force and proximity to the lucrative U.S. auto market, Mexico keeps attracting investment by foreign carmakers such as Audi and Honda Motor Co.
BMW's Mexican factory will either be built in the state of Hidalgo or in San Luis Potosi and will initially produce as many as 100,000 . . .
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