| Submit Your Article | |
| Contact Us | |
| Our RSS Feed | |
| Our Blog | |
|
|
BMW spending another billion in the U.S. to expand |
Heavy fluctuations in the value of the U.S. dollar versus the Euro has made building vehicles in the U.S. a very attractive proposition for European automakers. BMW is looking to expand its U.S. operations by spending over $1B to increase capacity at its South Carolina plant, add more parts distribution centers, and expand its U.S. headquarters in New Jersey. The majority of the money, about $750M, will be spent on increasing production at its plant South Carolina plant from 160,000 units to 240,000 by 2012. The move makes abundant sense given the fact that the German automaker is taking a massive hit by shipping vehicles from higher cost Europe to the lower cost U.S.
BMW is spending $100M on expanding its headquarters and another $170M to increase parts distribution centers, which should be welcome news for BMW owners who can face high wait times for parts. BMW has been tearing up the sales charts in the U.S. for quite a while, and with an added $1B getting spent on facilities Stateside, it looks like the Germans want the good times to continue to roll.
Add your comment:
BMW Investing $270 Million In U.S. Operations
BMW, the world's largest premium carmaker, is investing $270 million to expand its U.S. operations, it said on Friday. "These investments show that we are convinced of the continued long-term growth of the U.S. market despite the difficult... More »
BMW Gina Light Visionary Model
BMW just unveiled its latest design philosophy — via a radical concept car — that will sure to raise some eyebrows in the automotive industry. Touted as the "game changer" for the "development of tomorrow's mobility,"... More »
New BMW 7
Due for introduction later this year as a 2009 model, BMW’s next-generation 7-series saloon has been spotted in recent months undergoing testing on both sides of the Atlantic and we now have some very revealing shots of the car at the... More »
New BMW M1
First, the bad news — BMW says the striking concept shown at the recent Villa d'Este concours in Italy is not destined for production. But...when Adrian van Hooydonk, the head of design for BMW automobiles, said, "The BMW M1 Homage clearly... More »
The new BMW 3 Series
It is the epitome of sporty flair in its segment and for years it has maintained the leading position as the mostly widely sold premium vehicle in the world. Now the BMW 3 Series sets out to extend its lead even further. Specific design modifications... More »
More...
