New York - AFP
BMW on Thursday announced it will invest about $900 dollars in its South Carolina operations, in response to strong demand for its X series vehicles.
\"We plan to invest over the next three years nearly $900 million in the Spartanburg plant by 2014,\" said board member Frank-Peter Arndt.
The investment will lead to the creation of 300 jobs, according to the statement.
\"This will allow us to produce 350,000 units in Spartanburg in the mid-term,\" he added.
Current capacity at the plant is 275,000.
The BMW Group said it had already invested $750 million in the expansion of the plant for production of the new BMW X3 between 2008 and 2010.