May 16, 2007
BMW Group expands Spartanburg plant
A BMW Z4 on the assembly line at Spartanburg. Click image to enlarge
Munich, Germany – The BMW Group has announced that it will expand the production capacity of its plant in Spartanburg, South Carolina, from the current 140,000 vehicles per year to over 200,000 annually. The plant currently produces the Z4 and X5, and will in future build the X6 and a possible successor to the X3.
The company says that the expansion, which will happen in the “medium term”, will help to lower its U.S. dollar currency risk; the weak U.S. dollar and Japanese yen in the last financial year had an adverse affect of 666 million Euros.
The U.S. continues to be the BMW Group’s largest sales volume market, with a total of 313,921 cars sold in 2006, up by 2.1 per cent on a year-to-year basis. In Europe, the company’s largest market is in Germany, while its primary Asian market is in Japan.