BMW will invest more than $1B in next-gen electric drivetrains at Steyr plant

BMW Steyr Austria — (BMW)

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By:

Staff report

June 20, 2022 12:10 PM

FRANKFURT -- BMW will invest 1-billion-euros ($1.05 billion) in its plant in Steyr, Austria, by 2030 to allow the development and production of next-generation electric powertrains starting in 2025, the automaker said in a statement.

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