BMW Plans Billion Dollar Expansion of South Carolina Factory
As one of the leading luxury car companies in the world, BMW is always looking for ways to improve its products and efficiency. That being said, the company plans to expand its Spartanburg plant in South Carolina with a hefty budget of one billion dollars.
This is one of the most impressive investment pledges made by a company in the automotive industry. Bill Jacobs BMW welcomes this expansion with the hope that more vehicles will be produced on a yearly basis, ultimately giving our customers more options and less waiting time.
According to New York Times, the expansion will increase productivity by an impressive 50% and will also open up a huge opportunity for employment in the area. The company looks to employ at least 800 people by the end of the expansion to meet the needs of its thriving United States production.
The expansion is not a huge surprise since it has been BMW’s goal to increase the volume of work at its Spartanburg factory for quite some time. Chief executive at BMW Spartanburg, Norbert Reithofer said that production follows the market. He said he was delighted to make the announcement as it is a revelation of BMW’s commitment to one of its top markets, which is the United States. He says the goal-oriented mindset and efficiency of the staff at Spartanburg made this decision more feasible since it is guaranteed to reap tremendous benefits not only for the company, but also for the surrounding neighborhoods.
This is not the first time BMW has expanded the Spartanburg factory. According to an article on Forbes.com, this will be the fifth time the company extends the facility and widens the range of work taking place at this South Carolina production plant. It is predicted that the new expansion will help BMW produce at least 450,000 units a year, which is a huge step up from 300,000 a year. There’s no denying the future looks bright for BMW.
As one of the leading BMW dealerships in the Naperville area, Bill Jacobs BMW offers a wide selection of new and used vehicles along with a knowledgeable staff ready to walk you through the entire care buying process. Stop over today or view our current inventory online.