BMW Munich Factory Will Only Make Electric Vehicles From Late 2027 -- Update
11 January 2024 - 1:29AM
Dow Jones News
By David Sachs
BMW's Munich plant will produce solely electric vehicles
starting at the end of 2027.
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.
BMW said it has moved conventional engine manufacturing from the
factory to a plant outside of Birmingham in the U.K. to make room
on the production floor. Around 1,200 existing workers were trained
for different production jobs in Munich or have been employed
elsewhere in the production network, BMW said.
In a statement, BMW characterized the decision as the "era of
automobiles with combustion engines from Munich" ending after 75
years.
The plant currently manufactures around 1,000 a day. It employs
about 7,800 people, according to BMW's website.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
January 10, 2024 09:14 ET (14:14 GMT)
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