BMW announces 1 billion eur investment in Austrian Steyr plant by 2030
BERLIN (Reuters) – German carmaker BMW announced on Monday a 1-billion-euro ($1.05 billion) investment in its Steyr plant in Austria by 2030, where it plans to produce its next-generation e-drives starting from 2025.
The site’s annual capacity is set to grow to over 600,000 units, BMW said in a statement.
The sum is set to include an investment of around 710 million euros in production, it added.
($1 = 0.9499 euros)
(Writing by Rachel More; Editing by Riham Alkousaa)