MEXICO CITY (May 13, 2010)—German luxury car maker BMW A.G. expects to triple its purchases of automotive parts and components in Mexico by the end of 2012, according to global purchasing director Herbert Diess.
“In 2009 BMW promoted the export of parts and components from Mexico to different plants (in the U.S. and Europe) worth a total of $615 million,” Diess said at a news conference in Mexico this month. “By 2012 we expect exports (from Mexico) to reach ($2.5 billion).”
BMW will start assembling the new BMW X3 sport utility vehicle in Spartanburg, S.C., in September and 200 of its components, 25 percent of the vehicle's content, will come from Mexico, Diess added.