Brazil: BMW re-evaluating local production plans

BMW is re-evaluating plans to set up a plant in Brazil, due to the recent tax changes, reports Automobilwoche, citing comments from BMW Chief Executive Norbert Reithofer in a recent telephone conference call in Munich. Apparently, Reithofer is not convinced that the investment, under the current circumstances, is necessary. Plans for Subscribe to Automotive World … Continued

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• May 3, 2012