Automotive News Europe has reported that BMW’s factories are at 110 percent level, 10 percent over normal. It expects to produce more than 1.6 million vehicles in 2011.
“We have a great utilisation rate right now. It is at significantly more than 110 percent,” Frank-Peter Arndt said on Friday.
The maker of 3 Series could absorb a slump in demand of 20 percent to 30 percent in the event of an economic downturn, Arndt said, according to the report.
To keep the impact to a minimum level, BMW said it will keep customary shutdowns around the Christmas holidays to a minimum level this year to catch up with the high demand for premium vehicles.
In addition, Bayerische Motoren Werke AG will pick Sao Paolo, Brazil’s biggest city, as the site for its first facility in South America according to a Handelsblatt report.
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 carmakers.
BMW will report its earnings for the third quarter on Nov. 3.