Article: Bavarian Motors starts up as BMW importer.

Venezuela, Mar 14, 2002

Following an absence of over two years (caused by a dispute with Corporacion Eurocars), BMWs go back on sale in Venezuela through new distributor Bavarian Motors, a firm formed by BBO Servicios Financieros/Transbanca capital and which also sells Kia cars. Bavarian Motors was due to start selling BMWs in November 2001 but it will now get straight underway with the latest models available and with the showroom in Los Ruices open. The logistics and infrastructure investment has required an initial outlay of US$4mil. In 2002, the aim is to place 250 BMWs on the local market (the first 80 ...

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