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BMW to cut production in Germany

Frank-Peter Arndt, production chief of BMW, has said the German carmaker aims to further decrease the proportion of production it has in Germany, Reuters has reported. Currently, BMW makes 58% of its vehicles in its four assembly plants and three factories in Germany, compared with about 70% in 2002. The company, which aims to sell 2 million cars a year by 2020, is investing a total €2bn ($2.8bn) in its German plants this year and next year, he said.