BMW Uses Spartanburg Plant to Battle Weak Dollar

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 ...