The announcement was made at the grand opening of the
South Carolina Department of Commerce's European office, which has been moved from
Frankfurt to Munich, Germany.
next few years, we will invest an additional $300 million at our South Carolina
facility---an amount equal to our original investment," said Dr. Norbert Reithofer,
BMW Board of Management Member responsible for worldwide production. Dr. Reithofer is a
former president of BMW Manufacturing and was appointed to the management board in March.
Joining Dr. Reithofer for the announcement was South Carolina Governor James Hodges,
Secretary of Commerce Charles S. Way Jr. and BMW Manufacturing Corp. President Dr.
Dr. Reithofer said
the modifications to the factory's manufacturing areas will provide "the flexibility
and capability needed for the preparation and production of exciting new models we are now
The 500 jobs will
be added to support the growing demand for BMW's X5 sports activity vehicle worldwide. The
X5 went on sale in the United States in December 1999 and began appearing in European
dealerships in May.
"By the end
of the year, 3,500 South Carolinians will have high-wage, high-skill jobs at BMW,
demonstrating again that BMW's success is South Carolina's success," said Governor
Hodges. "We have all witnessed the economic transformation that began with BMW's
announcement in 1992 and still continues to bring exceptional achievement and world-class
craftsmanship home to South Carolina. We are delighted to share in their achievement
commitment to South Carolina continues to strengthen bringing the entire state prosperity
through direct and indirect benefits including contributions to our schools and
communities and through the 36 BMW suppliers that also invested and created new jobs and
opportunities here in the Palmetto State," said Secretary of Commerce Charles S. Way
BMW has invested
more than $1.4 billion in its 2.3 million square-foot factory and more than 3,000
associates work at the plant located off Interstate 85 between Greenville and Spartanburg
in upstate South Carolina.
suppliers are located in South Carolina within a few hours drive on the plant, and 26
chose to locate North American operations in the state to partner with BMW. And those
suppliers employ about 4,700 workers and have invested more than $1 billion in their South
The South Carolina
factory is the sole producer of Z3 roadsters and coupes, M (Motorsport) roadsters and
coupes and the X5 sports activity vehicles for worldwide distribution.