Reuters: New BMW Mexican plant to produce 150k vehicles annually

|By:, SA News Editor

BMW's (BAMXY) new assembly plant in Mexico will be able to produce 150k cars a year, Reuters reports. The company has still not publicly confirmed the new facility, but is expected to make the announcement on Thursday.

The new plant will rival Daimler and Nissan, which have announced their 50-50 joint venture in Mexico last week.