The BMW factory in Spartanburg S.C., is set for a major expansion of $750 million over the next three years. It has become more profitable for BMW to build cars in the U.S., due to the value of the Dollar vs. that of the Euro. BMW has seen an increase in U.S. sales of 27% over the past five years. Given those two factors, it seems like a good business decision to increase production at that location. Some portion of the vehicles built there will be destined for the overseas market.
Part of the expansion includes adding about 500 more jobs to the facility, and that is some good economic news. Yeah BMW!