BMW is planning to increase production capacity to more than 200,000 vehicles a year at its manufacturing facility in Spartanburg, South Carolina. As part of that plan, the automaker will build the forthcoming all-new
X6 and the next-generation
X3 at the U.S. plant. The current X3 is built in Austria in a Magna Steyr plant.
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The facility currently has a capacity of 140,000 and builds Z4 and
X5 vehicles. Production on both models will increase, the company said.
BMW Chief Executive Norbert Reithofer called this a way of cutting currency exchange risk at a time when the euro is surging in value and the dollar is weakening.
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