BMW's new Mexico plant to make up to 150,000 cars per year -source

MUNICH, Germany, July 1 Tue Jul 1, 2014 5:40am EDT

MUNICH, Germany, July 1 (Reuters) - A new auto-assembly plant of German luxury carmaker BMW will be capable of producing 150,000 vehicles per year, a source told Reuters on Tuesday.

Munich-based BMW said on Monday it would make an announcement in Mexico on July 3, all but confirming a widely expected decision to build a new factory to meet growing demand for premium cars, shortly after its rival Daimler announced similar plans.

BMW declined to comment. (Reporting by Irene Preisinger Writing by Andreas Cremer)