Just a few days after BMW officials in Mexico revealed that the German premium automaker would consider to build its engines in the country, global CEO Harald Krueger said the company now mulls opening a second U.S. manufacturing plant that could produce those engines, but also transmissions.
Interviewed at the Los Angeles Auto Show, Krueger said BMW is considering changes to U.S. operations as sales in the region grow. The company operates an assembly plant in South Carolina and will officially open another in San Luis Potosi next year, hence is considering changes to its current scheme of importing engines and transmissions.
“We're at the range where you could think about a second location” in the United States, he said as reported by Reuters, adding that such a factory would provide a natural currency hedge.
It is worth mentioning that the opening of the plant in Mexico has served the German brand to position itself in the local premium segment, which led it to achieve in this country the highest growth rate in sales at a global level.
Maru Escobedo, CEO of BMW for Mexico, revealed during the presentation of the new X5 SUV that sales of the BMW and MINI brands increased 19% to 21,218 vehicles from January through October, while BMW Motorrad, its line of motorcycles, reports a growth of 5.4% with 3,979 units sold over the same period.