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BMW Invests $417 Million in South Africa With Switch to X3

  • New model to replace production of 3-Series at Rosslyn plant
  • X3 to be sold locally and exported to markets including Africa
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BMW AG will invest more than 6 billion rand ($417 million) in the carmaker’s South African operations to start production of the newest model of its X3 sport-utility vehicle.

The X3 will replace the assembly of the German company’s 3-Series sedan at the Rosslyn plant north of Pretoria, the automaker said in a statement on Monday. It will be the first time the SUV has been produced outside the U.S., and the model will be sold locally and exported, including to other African countries, according to BMW South Africa Managing Director Tim Abbott.