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BMW chief says Greer operation is an advantage
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MUNICH, Germany (AP) - BMW's chief executive told shareholders
today that maintaining its operations in South Carolina is a
long-term strategy.
Norbert Reithofer says BWM must be active in the world's largest
car market in order to be successful.
BMW announced earlier this year that it would take advantage of
the weak dollar by expanding production at its plant in Greer. It's
spending 750 million dollars to expand facilities for its X5 sport
utility vehicle and the new generation of its X3 SUV.
The company plans to increase production in Greer from 160,000
vehicles a year to 240,000 annually by 2012.
Reithofer says he wants to increase purchases from suppliers in
South Carolina. He says North America purchases are being made for
its plants in Europe.
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