BMW Throws In The Towel On Russian Factory

It’s been reported that BMW will not be opening a factory in Russia, after talks with government officials broke down over the level of economic incentives for the plant.

“The building of the plant had to be economically feasible and beneficial,” said Stefan Teuchert, BMW Russia CEO. “Besides that, we need to maintain a reasonable balance between localised and imported models,” he told Automotive Logistics.

skytop - 2/12/2020 12:44:52 PM

+1 Boost

Putin would have BMW built the auto production factory and then take it away from BMW. BMW was smart to nix any 'deal' with Russia.

MDarringer - 2/12/2020 9:07:38 PM

0 Boost

You clearly don't realize that they have moved past their USSR days.

valhallakey - 2/12/2020 11:07:09 PM

+4 Boost

No kidding, they moved from USSR days to total mobster days and they would have either taken it away or extorted them to keep it there.

scenicbyway12 - 2/12/2020 12:52:42 PM

+1 Boost

Good move, Russia is 15 minutes away from being a failed state.

PUGPROUD - 2/12/2020 1:22:02 PM

-1 Boost

Cash flow tight at BMW.

carloslassiter - 2/12/2020 5:22:06 PM

+1 Boost

"I can see Russia from my house."
-- Republican Genius Sarah Palin

MDarringer - 2/12/2020 6:38:15 PM

+1 Boost

She's at least smarter than your Democrat "geniuses": Pelosi, Warren, Sanders, Biden, Waters, AOC, Omar, Schiff...

xjug1987a - 2/12/2020 5:45:06 PM

0 Boost

A shame for the Russian people... which might mean more for South Carolina?

Wow interesting how Putin worked that out for Trump... thought President Trump worked for Vlad? (please tell Vlad after my last election I'll have "alot" more flexibility...) Barry Soetoro - Unqualified and a Pathetic Loser

CANADIANCOMMENTS - 2/12/2020 8:49:35 PM

+3 Boost

Was there not an article about a Russian factory that exists that makes unauthorized BMW's?