By Ben Tavener, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – German car giant BMW has announced it will open a manufacturing plant in Brazil, with the first Brazil-made cars rolling off production lines by the end of 2014. The announcement was made in a meeting with Brazilian President Dilma Rousseff by BMW’s Ian Robertson, Vice President of Sales and Marketing at the company, who also said that investment by the company will be in the order of €$200 million (around US$261 million).
“We expect to have all the administrative formalities finished in the coming days. Then the . . .