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BMW Announces $750M Expansion in United States

March 17, 2008

MUNICH, GERMANY - BMW will spend $750 million to expand its South Carolina production facility and create500 new jobs, doubling the size of its U.S. manufacturing operations. TheGerman automaker will add 1.2 million square feet of production space, andconstruction of new paint shop facilities already has begun, according to the Web site www.newsweek.com.

The company will add a new generation of its X3 SUV to thesite, making the plant the exclusive source for the X3 and X5 SUV as well as the X6 sports coupe unveiledearlier this year at the Detroit auto show. The X line of vehicles are four-wheel drive. The announcement comesabout two weeks after BMW said it plans to cut 5,000 jobs in Germany and 600 elsewhere, or 7.5percent of its work force over two years.

 

As the expansion is completed during the next four years,production will increase to 240,000 vehicles yearly from 155,000. BMW said thestate was spending about $15 million on site preparation and the automaker mayyet seek job development tax credits.

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