Being one of the most successful automakers in the industry, BMW is planning to keep its position on the market, but on the long way of attracting new customers, the German automaker has announced its plans to start full production of its vehicles in Russia with its local partner, Avtotor.
Rumors are that 250 million USD will be invested in the project and BMW will produce its own models at Avtotor’s Kaliningrad plant. The German automaker, through the “voice” of Avtotor’s director of development, Alexander Sorokin, has announced that the new production will reach 80.000 cars annually, but the initial phase will involve “just” 55.000 units.
The same rumors that announce the $250 million investment also say that the first models to roll off the Kaliningrad production line will be the BMW 3 and 5-Series, but the sedans will be followed by the X1, X3 and X5 later.
With the production being targeted for 2014, BMW is expected to drop its prices for the Russian-made cars by 10 percent and the expansion could soon overtake more of the Far East.