Mexican Media Brands
BMW Postpones Decision on Russia Factory
CEO Norbert Reithofer tells reporters BMW AG has suspended plans to build its own manufacturing plant in Russia because of the country's uncertain economic future.
#economics
Share
CEO Norbert Reithofer tells reporters BMW AG has suspended plans to build its own manufacturing plant in Russia because of the country's uncertain economic future.
BMW currently assembles a wide range of cars and crossover vehicles from kits through its 16-year partnership with Kaliningrad-based contract producer ZAO Avtotor.
Last year BMW sales in Russia fell 16% to 35,500 units. Demand this year is down 14% compared with an overall 36% decline in the market, according to the Moscow-based Assn. of European Businesses
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data