That's quite a departure from BMW's stance of these past few months, they were about to throw in the towel on doing any investments in Brazil due to the ultra-protectionist policies in place on foreign investment and trade. I guess Dilma finally saw the light (not).
Brazil is such a sweet market for auto-makers, sell bare-bone cars for 3x the price and laugh all the way to the bank at the suckers who pay US $120k for a base-model 3 series. Don't forget the corrupt gov share and of course a big fat dealer's cut and you have the perfect recipe for a new plant so you can make even more profit!
Quite amazing that they can still find 15,000 rich suckers to buy their cars and pay an extra US $20k to bulletproof them.
