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.

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BMW Throws In The Towel On Russian Factory

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