BMW has created it official – there will be a flagship crossover known as X7, and it will be developed right right here in the US of A. The announcement was manufactured today, confirming rumors of the new model at the Spartanburg, SC factory that broke earlier this week.
“Plant Spartanburg was built to boost and increase the BMW lineup, underscoring the BMW Group commitment to the United States” said Dr. Norbert Reithofer, chairman of the BMW board of management in a statement. “In addition to the X3, X5, X6, and the new X4, we are right now announcing an additional all-new, bigger X model to be produced solely at this plant for our globe markets: the X7.”
BMW will spend $ 1 billion by 2016 upgrading its South Carolina factory, which previously generates the X3, X5 and X6. The plant is currently capable of creating 300,000 units per yr, but with the huge investment from BMW, capability will climb to 450,000 units. 800 jobs will be additional as a result of the investment and new and upcoming models.
We do not have any particulars on the new designs, but compared to BMW’;s current batch of niche-busters, a straight-up, complete-dimension 3-row utility to challenge the likes of the Assortment Rover and Mercedes-Benz GL is about as mainstream as BMW has carried out in a extended time. After some details on this new model arrive, we’;ll be positive to allow you know about it. Till then, scroll down for the full press release on the announcement from BMW.
Commits US $ 1 Billion investment by 2016 Extends X family with new BMW X7 Increases plant capacity 50% up to 450,000 cars Generates 800 new jobs Begins manufacturing of the new BMW X4 Celebrates twenty many years of production in the USA
Spartanburg, South Carolina – March 28, 2014 one:00pm EDT/10:00am PDT…Celebrating twenty years of manufacturing in the USA, Dr. Norbert Reithofer, Chairman of the Board of Management, BMW Group, nowadays announced strategies to invest US$ 1 billion in the company’;s South Carolina plant: “We will broaden the plant’;s annual manufacturing capability by 50% up to 450,000 automobiles by the finish of 2016. Today’;s capability is close to 300,000 vehicles. This investment will also generate an further 800 jobs, increasing the complete workforce to 8,800 on website.”
At the event held at the plant, Dr. Reithofer was joined by U.S. Secretary of Commerce, Penny Pritzker South Carolina Governor, Nikki Haley BMW Group Board member for Manufacturing, Harald Krüger and President of BMW Manufacturing, Plant Spartanburg, Manfred Erlacher.
BMW X7 to be created at Plant Spartanburg
The added investment will be employed to enhance capacity, which is essential to meet strong international demand for BMW X models. “Plant Spartanburg was developed to enhance and expand the BMW line-up, underscoring the BMW Group dedication to the United States” explained Dr. Norbert Reithofer. “In addition to the X3, X5, X6, and the new X4, we are nowadays announcing one more all-new, bigger X model to be manufactured solely at this plant for our globe markets: the X7.”
Harald Krüger, Board of Management member for Production explained the crucial part of the US for the BMW Group production method: “The BMW Group strives for a good balance of growth among all markets and continents. The Spartanburg plant is an critical building block in our global ne2rk of 28 production and assembly amenities in 13 nations right now and helps make a vital contribution to lucrative, globally-balanced development.”
He continued: “Our US plant is the very best instance of our successful technique of ‘production follows the market’;. The state of South Carolina has supported us as a worthwhile and reliable spouse during our twenty-12 months involvement in the area – producing the United States our second residence.”
BMW Group in Spartanburg: biggest U.S. car exporter
Norbert Reithofer: “We are expanding BMW Plant Spartanburg as our center of competence for manufacturing of BMW X designs and broadening our product portfolio. This growth signifies Spartanburg will have the largest manufacturing capacity of any plant in our worldwide production ne2rk. This plant previously exports, on regular, 70% of its yearly production with a 2013 value of more than US$ 7.5 billion which, according to the U.S. Department of Commerce, helps make BMW the largest U.S. motor vehicle exporter to non-NAFTA nations.”
Because manufacturing started 20 many years in the past, in 1994, the Spartanburg plant has made above 2.6 million cars for BMW clients close to the planet. At the moment the BMW X3, X5, X5 M, X6 and X6 M are all produced at the plant. The occasion also celebrated the begin of production of the all-new BMW X4. In the near future, a plug-in hybrid version of the BMW X5 will also be developed here.
BMW Group economic influence on South Carolina
In addition to its large-scale capital investments, a new review just launched by the Moore School of Enterprise at the University of South Carolina, reports that the BMW Group has a US$ sixteen.6 billion yearly affect on the state economic system. Its presence in South Carolina supports a lot more than 30,000 jobs during the state.
The study discovered that for each job developed at the BMW plant, an additional 3 jobs are created elsewhere in South Carolina through the economic multiplier effect.
“This is the fifth expansion since manufacturing began 20 many years ago and represents an additional main investment,” stated Manfred Erlacher, President and CEO of BMW Manufacturing. “The enhance in yearly capacity, the amount of models created, and the number of jobs on web site, reinforce the key position BMW is playing in the region’;s economic vitality by means of technological innovation, environmental stewardship, and improvement of a extremely experienced workforce.”
In 2013, a total of 297,326 cars have been produced in Spartanburg, with one,100 cars currently created per operating day. Complete employment at the website reached 8,000 in March 2014.
BMW Group In America
BMW of North America, LLC has been present in the United States because 1975. Rolls-Royce Motor Automobiles NA, LLC started distributing vehicles in 2003. The BMW Group in the United States has grown to include advertising, sales, and financial service organizations for the BMW brand of motor automobiles, like motorcycles, the MINI brand, and the Rolls-Royce brand of Motor Cars DesignworksUSA, a strategic design and style consultancy in California a technologies workplace in Silicon Valley and various other operations all through the nation. BMW Manufacturing Co., LLC in South Carolina is element of BMW Group’;s worldwide manufacturing ne2rk and is the exclusive manufacturing plant for all X5 and X3 Sports activities Exercise Vehicles and X6 Sports Activity Coupes. The BMW Group sales organization is represented in the U.S. by means of ne2rks of 339 BMW passenger automobile and BMW Sports Exercise Automobile centers, 139 BMW motorcycle retailers, 119 MINI passenger automobile dealers, and 35 Rolls-Royce Motor Vehicle dealers. BMW (US) Holding Corp., the BMW Group’;s product sales headquarters for North America, is found in Woodcliff Lake, New Jersey.
Journalist note: Data about BMW Group and its items in the USA is accessible to journalists on-line at www.bmwgroupusanews.com and www.press.bmwna.com.