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For those that keep asking us – yes, the BMW X1 is real and it has been confirmed by CEO Reithofer himself. And today BMW confirmed that it will be building its X1 SUV at its Leipzig plant in Germany, which is now capable of assembling 700 cars a day.

“The exact time point of production start and the market launch of the X1 will be revealed at a later date,” BMW said in a German press release.

BMW also said on Friday that it plans investments of more than $155 million at the Leipzig plant where it also produces the 3-Series sedan, coupe and cabriolet as well as the coupe version of the BMW 1-Series.

The BMW X1 will be built on the 1-Series platform and will make its debut sometime in 2011.

Source: Automotive News (Subscription Required)

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