The Bavarian automaker will pick Sao Paolo, Brazil’s biggest city, as the site for its first facility in Latin America, German newspaper Handelsblatt reported on Wednesday.
A final decision will be taken in December the newspaper said. A BMW spokesman denied it MW had already made its choice, saying:
“There is still no decision.”
For the moment, no one commented after inautonews requested more information.
The newspaper says BMW has chosen the city of Sao Paulo as a possible site to be close to suppliers such as Robert Bosch GmbH and Continental AG (CON.XE), citing an unnamed BMW manager.
Total car sales at BMW increased by 7.4 per cent in August compared to the previous year and the company reiterated its goal to achieve more than 1.6m vehicle sales in 2011, the highest among German premium car makers.
The announcement comes after Volkswagen said it plans to invest 3.4 billion euros in its Brazilian factories. VW boss Martin Winterkorn made the announcement as he was honored for his contribution to German-Brazilian trade relations.