BMW has recently made a major investment to rejuvenate the auto manufacturing industry in South Africa. The German automotive giant announced a 4.2 billion Rand ($271 million) investment in its Rosslyn Factory to manufacture hybrid SUVs. This move is part of BMW’s plan to invest more in their production facilities around the world. It’s also an exciting opportunity for South Africa, as the investment will promote job creation and technological development in the country.

The Rosslyn Factory is no stranger to car manufacturing, having produced BMW’s X3 and X4 models in the past. This latest investment will increase its production capacity significantly, and will allow BMW to manufacture its cutting-edge hybrid SUVs there.

This decision was made in response to growing global demand for energy-saving vehicles. The hybrid SUVs produced at the Rosslyn Factory will be carbon-neutral, emitting no more carbon dioxide than their batteries would absorb during their lifetime.

Not only is this investment good for the environment, it’s also beneficial for the South African economy. It is estimated that the new production facility will create 1000 new jobs by the end of 2031, with over 500 positions being filled by 2021.

What’s more, this investment marks another success story for the local automotive industry. The BMW Group’s previous investment in the Rosslyn Factory, combined with its current investment, will result in the production of 45,000 vehicles by 2023. This is a major milestone for the country and a testament to the potential of the South African automotive industry.

Overall, BMW’s 4.2 billion Rand investment in its Rosslyn Factory to manufacture hybrid SUVs is great news for South Africa. It demonstrates the company’s commitment to the country and will be hugely beneficial for both the environment and the local economy.