bmw to invest 900m in south carolina plant
Last Updated : GMT 06:41:18
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BMW to invest $900m in South Carolina plant

Arab Today, arab today

Arab Today, arab today BMW to invest $900m in South Carolina plant

New York - AFP

BMW on Thursday announced it will invest about $900 dollars in its South Carolina operations, in response to strong demand for its X series vehicles. \"We plan to invest over the next three years nearly $900 million in the Spartanburg plant by 2014,\" said board member Frank-Peter Arndt. The investment will lead to the creation of 300 jobs, according to the statement. \"This will allow us to produce 350,000 units in Spartanburg in the mid-term,\" he added. Current capacity at the plant is 275,000. The BMW Group said it had already invested $750 million in the expansion of the plant for production of the new BMW X3 between 2008 and 2010.

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