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BMW to add a second plant in Shenyang, China


Bruce Nunnally

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http://www.cnbc.com/id/33878946

BEIJING - BMW Group announced Thursday expansion plans in China, the world's largest vehicle market, by investing 560 million euros ($735 million) with its local partner Brilliance Automotive Holdings Ltd.

The expansion includes building a second production plant in China's northern industrial city of Shenyang, where the joint-venture has produced BMW 3 Series and 5 Series vehicles since 2003.

"The decision to build a second plant demonstrates that we are investing in our future in China and that we intend to participate in the strong growth in the Chinese market," Friedrich Eichiner, vice president BMW Brilliance Automotive, said in a statement.

Bruce

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