BMW Expands Investment in South Carolina
German automaker BMW has announced that it will invest nearly $900 million in its Spartanburg, South Carolina auto plant. The new investment will add 300 new jobs in 2012 to its high tech facility. South Carolina Governor Nikki Haley welcomed the new investment and hailed the "enduring cooperation between BMW and South Carolina" as a success story.
The Spartanburg plant, which employs over 7,000 people, produces BMW’s sport utility-crossover models, the X3, X5, and the X6. With the new investment, the plant will start producing the X4. Currently the facility produces about 1,000 vehicles daily.
The BMW plant began production in 1994. The recent announcement was made during a ceremony to commemorate the 2 millionth vehicle rolling off the assembly line.
The luxury automaker has nearly $5 billion invested in its South Carolina plant.
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