BMW to raise production capacity to 3 million cars by 2020
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German luxury carmaker BMW Group will raise its annual production capacity to 3 million cars by 2020 and plans to build its X5 offroader in China, citing company sources familiar with the plans.
BMW Group, which includes the Mini and Rolls-Royce brands, and built 2.37 million cars last year, plans to double its production capacity in China to 600,000 cars.
In North America and Mexico, production capacity will be increased to 750,000 vehicles from 410,000, the paper said, adding that BMW brand wants to overtake rival Mercedes-Benz, which is owned by Daimler, to reclaim the volume sales crown for premium carmakers.
Questions & Answers
Q.What was BMW Group's total vehicle production last year?
What was BMW Group's total vehicle production last year?
The BMW Group, encompassing BMW, Mini, and Rolls-Royce brands, produced 2.37 million cars last year. This figure represents their total output before the planned capacity increase.
Q.What specific vehicle model does BMW plan to build in China?
What specific vehicle model does BMW plan to build in China?
BMW plans to build its X5 offroader model in China. This is part of their strategy to increase production capacity within the region and meet market demand.
Q.By how much is BMW increasing its production capacity in North America and Mexico?
By how much is BMW increasing its production capacity in North America and Mexico?
BMW is increasing its production capacity in North America and Mexico from 410,000 vehicles to 750,000. This represents a significant expansion in these regions.
Q.What is BMW's ultimate goal for its main brand in terms of sales?
What is BMW's ultimate goal for its main brand in terms of sales?
BMW's main brand aims to reclaim the volume sales crown for premium carmakers. They intend to overtake rival Mercedes-Benz, which is owned by Daimler, to achieve this goal.
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