Saturday, March 3, 2012

BMW Announces $750M Expansion in US

BMW will spend $750 million to expand its South Carolina production facility and create 500 new jobs, doubling the size of its U.S. manufacturing operations, the company said Monday.

The German automaker will add 1.2 million square feet of production space, and construction of new paint shop facilities already has begun, said Frank-Peter Arndt, a BMW board member in charge of global production.

Arndt said the company will add a new generation of its X3 sport utility vehicle to the site, making the plant the exclusive source for the X3 and X5 SUV as well as the X6 sports coupe unveiled earlier this year at the Detroit auto show. The X line of vehicles are …

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