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BMW Upping Production to 3M Units by 2020

Move comes as it looks to reclaim top luxury sales spot.

by on May.09, 2017

BMW CEO Harald Krueger plans to tell shareholders that the company is looking to reclaim its "rightful" place atop the luxury sales heap.

BMW AG expects to put more of its vehicles on the roads in the next few years. The German maker plans to raise its annual production to 3 million vehicles by 2020 — a 27% increase over last year’s numbers.

President Donald Trump is likely to be happy with the news, sort of. North American production will be on the rise moving from 410,000 units to 750,000 by 2020, according to German newspaper Hadelsblatt.

Global Auto News!

However, some of that will come from Mexico while other parts of the increase will come from the maker’s plant in South Carolina. Trump has been haranguing automakers foreign and domestic to build more vehicles in the U.S. or face some sort of punitive action — which has not happened yet. (more…)