BMW wants clear guidance from Mexico government for investment plans

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BMW wants clear guidance from Mexico government for investment plans
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German carmaker BMW, which is building its first plant in Mexico, is looking for...

A BMW logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Denis Balibouse

To plan its future the company needs “robust premises in terms of how the government is making decisions, what are its priorities, its international stance, how the budget is handled,” Alexander Wehr, president and CEO of BMW Group Mexico, Latin America and the Caribbean, told Reuters in an interview on Friday.

Ratings agency S&P last week put Mexico’s sovereign debt on a negative outlook and said there was a one-in-three chance of a sovereign downgrade in the coming year, although not yet to junk.

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