MEXICO CITY, Sept 2 (Reuters) – German automaker BMW kicked off a brand new manufacturing line on Thursday for its Collection 2 Coupe compact sports activities automobile on the firm’s two-year-old manufacturing unit in central Mexico, doubling down on its Mexican operations in a push to speed up world gross sales.
Exports of the brand new fashions to North America are anticipated to start by the tip of this 12 months, with European gross sales set to start out in early 2022, the corporate stated in an announcement.
In line with BMW’s U.S. internet web page, the 2022 fashions’ beginning worth will vary from about $36,000 to $59,000.
BMW invested $125 million within the new manufacturing line for its San Luis Potosi manufacturing unit, increasing its capability past meeting of its preliminary mannequin, the Collection 3 sedan.
The Mexican funding comes as fears that world demand for such high-end items might gradual as new variants of the coronavirus unfold and the auto business continues to wrestle with a semiconductor chip scarcity.
BMW didn’t say within the assertion what number of models of the brand new Collection 2 Coupe it plans to supply at its Mexican plant, the carmaker’s solely facility that may assemble the 4,000-part mannequin.
Reporting by Sharay Angulo; Enhancing by David Alire Garcia and Richard Pullin
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