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BMW planning major investment in Mexico, minister says

MEXICO CITY (Reuters) - German carmaker BMW is planning a new major investment in the central Mexican state of San Luis Potosi, where the company already has a plant, Mexican...
BMW planning major investment in Mexico, minister says © Reuters. FILE PHOTO: The logo of BMW is seen at the LA Auto Show in Los Angeles, California, U.S. November 20, 2019. REUTERS/Lucy Nicholson

MEXICO CITY (Reuters) - German carmaker BMW is planning a new major investment in the central Mexican state of San Luis Potosi, where the company already has a plant, Mexican Foreign Minister Marcelo Ebrard said Friday.

A day earlier, Ebrard and President Andres Manuel Lopez Obrador had said BMW was investing around 800 million euros ($866.64 million) in San Luis Potosi, without specifying whether it was a new outlay in Mexico.

"The president has asked us to speed up investments in our country," Ebrard told reporters following a diplomatic event. "He already announced a very important investment which will be made in San Luis Potosi, by BMW."

The foreign minister did not specify what the investment would go toward.

BMW, which operates three plants in Latin America, opened the billion-dollar San Luis Potosi site in 2019. It currently manufactures the 3 Series, the 2 Series Coupe and M2 models.

BMW did not immediately respond to a Reuters request for comment.

Ebrard said Lopez Obrador had discussed the investment with his German counterpart and Germany's automotive industry. German President Frank-Walter Steinmeier visited Mexico in September.

Lopez Obrador said on Thursday that he and Ebrard would travel to San Luis Potosi in February.

($1 = 0.9231 euro)

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05-06-2023 06:37:17 (UTC+7)

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AUD/USD

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149.98

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    EUR/USD 1.0696 ↑ Sell  
    GBP/USD 1.2428 ↑ Sell  
    USD/JPY 140.22 ↑ Buy  
    AUD/USD 0.6599 ↑ Sell  
    USD/CAD 1.3430 ↑ Buy  
    EUR/JPY 149.98 ↑ Buy  
    EUR/CHF 0.9732 ↑ Buy  
    Gold 1,964.15 ↑ Sell  
    Silver 23.652 ↑ Sell  
    Copper 3.7112 Neutral  
    Crude Oil WTI 73.51 Sell  
    Brent Oil 77.96 ↑ Buy  
    Natural Gas 2.212 Neutral  
    US Coffee C 180.60 ↑ Sell  
    Euro Stoxx 50 4,323.52 ↑ Buy  
    S&P 500 4,282.37 ↑ Sell  
    DAX 16,051.23 ↑ Sell  
    FTSE 100 7,607.28 Sell  
    Hang Seng 18,949.94 ↑ Buy  
    Small Cap 2000 1,830.91 ↑ Buy  
    IBEX 35 9,317.30 Buy  
    BASF 46.790 ↑ Sell  
    Bayer 52.61 ↑ Buy  
    Allianz 210.15 Sell  
    Adidas 159.52 Buy  
    Lufthansa 9.303 Buy  
    Siemens AG 159.28 ↑ Buy  
    Deutsche Bank AG 9.862 Sell  
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# So hôm qua # Chênh TG
SJC Eximbank6,650/ 6,690
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SJC Hanoi6,635/ 6,707
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SJC Nhatrang6,635/ 6,707
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Cập nhật lúc 06:33:30 05/06/2023
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