
The Ultimate Driving Machine returns to Argentina, but Brazil wins the foreign investment race.
How many sacks of rice for an M3 coupe? How many leather hides for a Mini Cooper Cabrio? It may sound strange, but BMW Argentina will soon find out. After an eight-month embargo, the company finally reached an agreement with the government to allow the resumption of its luxury imports.
Earlier this year the federal government told foreign automakers they had to choose an Argentine product and export an equal value of said product to compensate for their imports to Argentina. While Porsche opted to swap Cayennes for Cabernet Franc, BMW plans to export Argentine rice, leather and auto parts.
BMW was on the verge of launching the new X3 and Mini Countryman when Argentina shut down the import of Audis, BMWs and Mercedes-Benz back in February. Cronista’s David Cayón says BMW becomes the 17th automaker to reach an agreement with the government. Collectively, the deals are expected to generate an additional US$4.2 billion to Argentina’s annual export numbers.
In the final analysis, the real winner won’t be Argentine Bimmer buyers or the government. It’s Brazil. On the same day the agreement was reached with Argentina, BMW announced it will build its first Latin American plant in São Paulo. (Full Story in Spanish)






