BMW’s plans to invest in a local assembly plant in Kaliningrad, Russia have been shelved following its failure to agree on investment terms with the local authority. Stefan Teuchert, CEO of BMW Group Russia, said inconsistencies in government policy at the federal level meant it was unable to reach a conclusion. Avtotor will continue to build vehicles from SKD imports under contract
BMW has cancelled its plans to build a car plant in the Russian province of Kaliningrad following a failure to agree on investment terms with the government. “The building of the plant had to be economically feasible and beneficial,” said Stefan Teuchert, CEO of BMW Group Russia, at a press conference in January. “Besides that, we needed to maintain a reasonable balance between localised and imported models.”
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