BMW is planning to increase production at its US plant in Spartanburg, South Carolina, to more than 200,000 cars a year, up from 140,000 at present.
Go deeper with GlobalData
Speaking at the BMW annual general meeting today in Munich, chief executive Norbert Reithofer said that capacity will be expanded to 200,000 units to produce the new X6 there, as well as the next generation X3. These will be in addition to the Z4 and X5 currently produced at the plant.
The current X3 is built by Magna under contract.
Reithofer explained that the additional capacity would help exploit growth potential in the US market and ease currency risks associated with the currently weak US dollar.
The BMW CEO confirmed group goals for the current financial year and that the company is aiming to exceed 2006’s record profit before tax. He said that BMW is on target to produce more than 1.4m cars this year and reiterated the group’s target to produce 1.6m cars a year by 2010.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataReithofer also confirmed that the new BMW Welt delivery centre will open to the public on the weekend of 20/21 October. The is a new ‘brand experience centre’ in Munich.
