BMW has just announced that they will be investing $900M in their Spartanburg, South Carolina assembly plant to accommodate an increased output capacity and prepare for the production of the upcoming BMW X4 crossover in 2013.
"We plan to invest over the next three years nearly USD 900 million in the Spartanburg plant by 2014. This will create 300 new jobs by the end of this year. This will allow us to produce 350,000 units in Spartanburg in the mid term," says Frank-Peter Arndt, member of the Board of Management of BMW AG, responsible for Production, in Spartanburg on Thursday.
"This is in response to rising global demand for our BMW X models and the expansion of the BMW X family to include the BMW X4," continues Arndt.
Since it opened in 1994, the BMW plant in Spartanburg has already undergone four expansions and produced six different BMW models (318i, Z3, Z4, X5, X6, X3) and their variants. Employment has grown from 500 initially to more than 7,000 today.
70% of the vehicles made in Spartanburg are for export, including the allocations for the Philippines. Currently, the BMW X5, X6 and X3 and produced in Spartanburg.