UPDATE 1-BMW to build new X1 compact SUV in Leipzig

Newswire

(Adds details) FRANKFURT, May 30 (Reuters) - BMW , the world's largest premium carmaker, plans to build the new BMW X1 compact sport utility vehicle at its Leipzig plant in Germany, which now assembles up to 700 cars a day, it said on Friday. "The exact time point of production start and the market launch of the X1 will be revealed at a later date," the company said in a statement. With hundreds of millions of euros lost in each of the past few years due to currency headwinds, BMW is ...

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