BMW To Get Bigger
BMW is set to pump a gigantic sum of 750 million dollars with the aim of expanding their production plant in Spartanburg, South Carolina, which will now function as their global centre for the manufacture of the new X3 SUV, the X5 and the X6.
The automotive manufacturer intends to expand the plant by 1.2 million square feet and work on construction of a new paint shop has already begun. This will be supported by the addition of 500 jobs. This comes at a time when BMW had announced plans to cut nearly 5,600 jobs over two years in addition to the 2,500 jobs it had already reduced.
This plant is all set to be the exclusive global producer of the new four wheel drive X series cars including the X3 SUV, the X5 and the X6 sports coupe that was unveiled in January at the Detroit Car Shows. This will also mark the first diesel cars that BMW will produce in America.
Unofficial sources claim, that this move is to make the most of the alarmingly plunging dollar that will make production in the US a lot more cost effective than carrying out similar operations in German.
The plant originally set to manufacture 140,000 units annually was over performing and managed to pull off 154,000 units. With the expansion, production can be expected to be 240,000. This move shows BMW making an investment of nearly thrice as much as it had said it would invest in the US when it started out in the country in 1992.
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