According to a report from Germany’s Manager Magazin, on Friday BMW said that aims to sell 2 million vehicles annually by 2016.

In addition, the publication also said that BMW Ag. is planning to open three new assembly plants outside of the automaker’s core Western Europe market and that it will expand a facility in South America. Other plants are reportedly planned in Russia and Brazil.

The company has also raised its sales expectation for 2020 to between 2.5 million and 2.6 million from 2 million, the magazine reports.

At this moment BMW Ag. (which currently produces only rear-wheel or all-wheel drive vehicles) owns Mini and Rolls-Royce. In total the three brands succeeded to sell 1,286,310 cars in 2009.

A BMW spokesman declined to comment on the report, calling it mere speculation and pointing to earlier comments by Reithofer that he expects sales to surpass 2 million by 2020.

The news comes just hours after Audi said that the company aims to nearly double its car sales by 2020


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