MEXICO CITY, Jan 13 (Reuters) – German carmaker BMW (BMWG.DE) is planning a brand new main funding within the central Mexican state of San Luis Potosi, the place the corporate already has a plant, Mexican International Minister Marcelo Ebrard stated Friday.
A day earlier, Ebrard and President Andres Manuel Lopez Obrador had stated BMW was investing round 800 million euros ($866.64 million) in San Luis Potosi, with out specifying whether or not it was a brand new outlay in Mexico.
“The president has requested us to hurry up investments in our nation,” Ebrard advised reporters following a diplomatic occasion. “He already introduced a vital funding which will likely be made in San Luis Potosi, by BMW.”
The overseas minister didn’t specify what the funding would go towards.
BMW, which operates three vegetation in Latin America, opened the billion-dollar San Luis Potosi web site in 2019. It at the moment manufactures the three Collection, the two Collection Coupe and M2 fashions.
BMW didn’t instantly reply to a Reuters request for remark.
Ebrard stated Lopez Obrador had mentioned the funding along with his German counterpart and Germany’s automotive trade. German President Frank-Walter Steinmeier visited Mexico in September.
Lopez Obrador stated on Thursday that he and Ebrard would journey to San Luis Potosi in February.
($1 = 0.9231 euro)
Reporting by Kylie Madry; enhancing by Jonathan Oatis
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