BMW has announced that it will be investing nearly $900 million USD and adding 300 new jobs at its plant in South Carolina to support production of the upcoming BMW X4 at the Spartanburg facility. The announcement came during a ceremony to celebrate a major production milestone – 2,000,000 vehicles that have rolled off the assembly line since the company began U.S. production in 1994.
“I am delighted to announce today, over the next three years, we plan to invest nearly $900 Million U.S. dollars. With this investment, we will be able to produce 350,000 units here in the mid-term,” said Arndt. “This is one reaction to the rising global demand for our BMW X Models.”
As we already know that new BMW X4 will be a smaller version of the X6 and will be based on the same platform as the BMW X3.
Check out more news on the BMW X4.
BMW says that with the addition of 300 jobs this year, the plat will increase production to 300,000 units annually. By the end of the year, the plant will employ close to 7,500 workers.
Since 1994, the plant has undergone four major expansions and produced 6 different BMW models and their variants (318i, Z3, Z4, X5, X6, X3). Employment has grown from 500 in 1994 to more than 7,000 today.
- By: Omar Rana