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March 19, 2014
06:37 EDTBAMXYBMW sees improving product pricing with new models, Reuters says
BMW's CFO Friedrich Eichiner said the debut of new models such as the BMW Active Tourer and the X4 sports utility vehicle will aid the auto manufacturer in improving pricing, reported Reuters. Reference Link
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November 16, 2015
07:14 EDTBAMXYBMW to invest R6B at South Africa's Rosslyn plant
BMW Group said it reaffirmed its long term commitment to South Africa by announcing that it will invest a total of R6B at its Rosslyn Plant in Pretoria in the coming years. The investment, one of the biggest in the local automotive industry, will enable Plant Rosslyn to produce the next generation of the BMW X3, which will be sold locally and exported to various countries. The production of the next generation BMW X3 at Plant Rosslyn will replace the BMW 3 Series Sedan, which will now be allocated to other plants within the global BMW production network. BMW Plant Spartanburg in South Carolina, USA, will also continue to produce the next generation BMW X3. More than R3B will be invested in new state-of-the-art facilities and operations of the plant. An additional R3B will be for suppliers, launch costs and training of associates. Reference Link

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