BMW’s supervisory board will discuss new leadership at the automaker’s U.S. plant in Spartanburg, South Carolina, later on Thursday, and is expected to name Oliver Zipse as its new CEO, after 53-year-old Harald Krueger said he would not be available for a second term as CEO.
BMW is investing 1 billion euros ($1.17 billion) in a new assembly plant in Hungary, its first factory in Europe in nearly two decades as the automaker strengthens its European footprint amid growing protectionism.
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