BMW lifting production to try and overtake German rival…
Booming global sales, the arrival of new models such as the X2, and a desire to outsell Mercedes-Benz are behind a significant lift in BMW production over the next three years.
That lift in production will see 3 million BMW vehicles built annually.
The newspaper saying that the company will be “going on the offensive” and this message will be delivered by CEO Harald Krueger at BMW‘s annual shareholder meeting this week.
And the plans to overtake Mercedes-Benz are about “winning back its rightful number one spot” among the premium makers.
The report comes after BMW enjoyed record sales in early 2017.
China looks to be one nation that will benefit with plans to ramp-up production of the X5 SUV there.
By 2020, more than 600,000 vehicles are tipped to leave BMW Group’s Chinese production lines each year, about double the number currently built in the nation.
In North America and Mexico, production capacity will be increased to 750,000 vehicles from 410,000, the paper said.
We will bring you more details as they come to hand and you can stay up to date with the latest BMW News here.
(Additional reporting thanks to Automotive News).