MUNICH – BMW AG’s U.S. assembly plant in Spartanburg, SC, which builds the X5 cross/utility vehicle, Z4 sports car and M performance derivatives, is serving as a hedge fund for the German auto maker, officials here say. As the U.S. dollar continues to weaken, European auto makers that sell in the States are finding it difficult to turn a profit on import vehicles. The euro currently is trading at €1:$1.42. BMW U.S. Holding Corp. CEO Tom Purves says production at Spartanburg helps ...
Premium Content (PAID Subscription Required)
"BMW Uses Spartanburg Plant to Battle Weak Dollar" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.