Another big company, this time BMW, has announced it will be bringing more new jobs to South Carolina. The state’s business friendly, right to work status has been successful in attracting major manufacturers like Boeing, and now BMW, which already has a large plant in the state, will expand. BMW plans to invest $600 million in its South Carolina plant. CNBC reports:
The German automaker said Monday it will add another 1,000 jobs and invest $600 million in the plant as part of a plan to boost annual production to as many 450,000 vehicles.
“It’s a great day for us here in Spartanburg and South Carolina and for the BMW group,” said Harald Krueger, chairman of BMW. “The workforce will be well above 10,000 people, which is, in my view, clearly a symbol of success.”
BMW’s facility in Spartanburg is already the company’s largest final assembly plant in the world, employing more than 9,000 workers and building more than 411,000 SUVs and crossovers last year….
While BMW’s investment and plan to hire more workers in South Carolina will be welcomed by President Donald Trump, the move comes just months after the president blasted German automakers as part of a broader complaint about Germany’s trade surplus with the U.S.
“You can build cars in the United States, but for every car that comes to the USA, you will pay a 35 percent tax,” Trump told the German newspaper Bild earlier this year.
Read more here.
BMW USA Factory Tour
Latest posts by E.J. Smith (see all)
- Broke States Trying New Tricks to Wrangle Lending - November 21, 2017
- Trust in Money, Store of Value - November 20, 2017
- November RAGE Gauge Tells Me Investors are Too Comfortable - November 17, 2017