Young Research & Publishing Inc.

Investment Research Since 1978

Compensation was paid to utilize rankings. Click here to read full disclosure.

  • About Us
    • Contributors
    • Archives
    • Dick Young’s Safe America
    • The Final Richard C. Young’s Intelligence Report
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • Crisis at Vanguard
  • Investment Analysis
    • Bonds
    • Currencies and Gold
    • Dividend Investing
    • ETFs & Funds
    • Investment Strategy
    • Retirement Investing
    • Stocks
    • The Efficient Frontier
  • Investment Counsel
  • Retirement Compounders®
  • Free Email Signup

BMW Breaks Records in Right to Work South Carolina

January 17, 2020 By E.J. Smith

By Andrey Vyrypaev @ Shutterstock.com

When BMW came to America looking for a place to build its award-winning SUVs, it landed in South Carolina. One of the driving factors pushing BMW, and other foreign automakers like Volvo and Mercedes-Benz to South Carolina, rather than Michigan, the traditional home of American automaking, was that South Carolina is a right to work state with low taxes. If you haven’t already heard about South Carolina’s business-friendly atmosphere, read here:

Life Comes at You Fast. Slow It Down with My Friday Email. It’s Free.
  • Right to Work South Carolina is Flooded in Jobs
  • Where to Live to Make a Living? Try this Southern Gem
  • Southern States on Tax Cuts: Bring it On!
  • Guess Which States Americans are Moving To

South Carolina has worked out well for BMW. In 2019 the automaker produced 411,620 cars at its Spartanburg County, South Carolina facility. Perhaps because of its success in the area, BMW is committed to South Carolina and has invested heavily in the area. David Wren reports for the Post and Courier:

“Our plant’s model portfolio is fresh and popular around the world,” Flor said.

Last year’s record production figure edges the 411,171 vehicles built at the sprawling Upstate campus in 2016. This is the third time the plant has topped 400,000 vehicles in a year, also accomplishing the feat in 2015. The Greer site also maintains its title as the largest BMW producer in the automaker’s network.

BMW has built more than 4.8 million cars and invested more than $10.6 billion at the Upstate campus since its opening in 1994. The site, which employs 11,000 workers, produces more than 1,500 vehicles a day and has an annual capacity of 450,000 vehicles.

BMW also is one of the Port of Charleston’s top customers, exporting about 70 percent of the cars made in the Upstate to more than 125 markets worldwide.

The record 2019 production likely will help BMW retain its title as the biggest U.S. automotive exporter. BMW exported $8.4 billion worth of cars built in the Upstate in 2018 for its fifth consecutive year atop the list. Last year’s export values have not been released.

The automaker said it sold 159,277 Upstate-built cars in the U.S. last year, leaving 252,343 vehicles exported to foreign countries. Top sellers in the U.S. were the X3 and X5.

BMW is a key part of South Carolina’s $27 billion-a-year automotive industry that also includes Volvo Cars and Mercedes-Benz Vans plants in the Charleston region.

Read more here.

Originally posted on Your Survival Guy.

Share this:

  • Email
  • Twitter
  • Facebook

You Might Also Like:

  • Will Boeing Bring More Jobs to South Carolina?
  • America Records Fastest Home Price Inflation Since 2006
  • 885 Million Financial Records Exposed Online
  • Author
  • Recent Posts
E.J. Smith
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@youngresearch.com

Click here to sign up for my free monthly Survive & Thrive letter.
Latest posts by E.J. Smith (see all)
  • “Then One Day the Grandfather was Gone” - September 28, 2023
  • “No Way I’m Spending That Much on Those” - September 27, 2023
  • “You Didn’t Eat That Again, Did You?” - September 26, 2023

Search Young Research

Most Popular

  • Wellington and Wellesley Funds Not Managed by Vanguard
  • The Single Worst Market Timing Event in History
  • “No Way I’m Spending That Much on Those”
  • The Power of a Compound Interest Table
  • Should America Move Closer to the Saudis, or Push them Away?
  • The War Machine's Manpower Problem
  • Will the Fed Hold Up Its End of the Bargain?
  • Vanguard Wellesley (VWINX) vs. Wellington (VWELX): Which Fund is Best?
  • “You Didn’t Eat That Again, Did You?”
  • Mr. Protect and Preserve: For Where We’re Going

Don’t Miss

Default Risk Among the Many Concerns with Annuities

Risk and Reward: An Efficient Frontier

How to be a Billionaire: Proven Strategies from the Titans of Wealth

Cryptocosm and Life After Google

Warning: Avoid Mutual Fund Year End Distributions

Is Gold a Good Long-term Investment?

How to Invest in Gold

Vanguard Wellington (VWELX): The Original Balanced Fund

What is the Best Gold ETF for Investing and Trading?

Procter & Gamble (PG) Stock: The Only True Dividend King

The Dividend King of the North

You’ll Love This if You’re Dreaming of an Active Retirement Life

The Importance of a Balanced Portfolio

Invest with Peace of Mind and Comfort

What Kind of Life Are You Investing For?

RSS The Latest at Richardcyoung.com

  • The Elephant in the Room
  • “Then One Day the Grandfather was Gone”
  • My Key West Garden Office
  • OPERATION MOCKINGBIRD: The Truth About the CIA?
  • Does a New Antiviral Covid Drug Do More Harm than Good?
  • The Biden Regime Treats Americans Worse than Illegal Immigrants
  • Key West #1 Wine Shop & Wine Expert
  • California – First to Enact Statewide Gun and Ammo Tax
  • “No Way I’m Spending That Much on Those”
  • How Much Can Grid Battery Storage Help?

RSS The Latest at Yoursurvivalguy.com

  • “Then One Day the Grandfather was Gone”
  • How Joe Biden Raised Oil Prices
  • Is the Philadelphia Looting Spree the Wake-up Call America Needs?
  • “No Way I’m Spending That Much on Those”
  • What Trade Policy Serves America’s National Interest Best?
  • California Wants to Make the 2nd Amendment Unaffordable
  • “You Didn’t Eat That Again, Did You?”
  • Is McCarthy Up to the Task?
  • Rising Costs Are Hammering Commercial Real Estate
  • Your Survival Guy Fishing with Dolphins

About Us

  • About Young Research
  • Archives
  • Contributors

Our Partners

  • Richard C. Young & Co.
  • Richardcyoung.com

Copyright © 2023 | Terms & Conditions

 

Loading Comments...
 

    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.