BMW Munich Factory Will Only Make Electric Vehicles From Late 2027
January 10 2024 - 7:52AM
Dow Jones News
By David Sachs
BMW's Munich plant will produce solely electric vehicles
starting at the end of 2027 onward.
The German carmaker said Wednesday it will spend 650 million
euros ($710.6 million) to update the factory site with four
buildings, including a vehicle-assembly line.
"The Munich plant is an excellent example of our ability to
adapt," said Milan Nedeljkovic, a BMW board member in charge of
production.
In a statement, BMW characterized the decision as the "era of
automobiles with combustion engines from Munich" ending.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
January 10, 2024 08:37 ET (13:37 GMT)
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