BMW – the world’s largest luxury automaker – announced on Friday that it will halt production at some of its German production plant. As with most of the world’s automakers, BMW is ramping down production in order to keep pace with the slumping global market.
BMW’s Leipzig plant will close up shop for a week at the end of October, with the company’s Regensburg plant scheduled to be shut down during the first week of November for the Bavarian autumn holidays.
According to Automotive News, BMW ’s main plant in Munich will also be idled during the Bavarian holidays.
In all, BMW plans to cut about 25,000 vehicles from its production schedule in 2008 – or roughly 2 percent of its total production from 2007. With the automotive industry expected to face further declines in 2009, this probably isn’t the last we’ll hear from BMW about production cuts.
