BMW to spend 500 million euros to up capacity at plant

FRANKFURT - German luxury carmaker BMW AG said on Wedesday it would invest around 500 million euros ($451 million) over the next six years to boost capacity at its Regensburg plant in southern Germany.

The company said the investment would mean BMW could raise production capacity to about 240,000 units up from 180,000 units currently.

The spending is a part of the company's plans to invest some 16 billion euros ($14.4 billion) in the next six years.

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