BMW to build engines in North America

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Source: Bloomberg
BMW AG, the largest manufacturer of luxury cars in the world, is planning to build its first engine production plant in North America, as the company wants to invest more in expanding region's car market. It is planned the plant to be built either in U.S. or in Mexico and to be opened after 2014. Today, BMW AG equities are trading down 0.5% to 80.85 euro by 15:15 GMT in Frankfurt.
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