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BMW expands here, cuts there
The weak dollar is driving BMW's production plans in the U.S. In Europe, the company plans on cutting nearly 8 percent of its work force over two years. But on this side of the pond, BMW is looking to increase production by more than 50 percent within four years.
An auto industry analysts says BMW can save money on the lower dollar and on wages since its workers in South Carolina make less than German workers. The company has scheduled an announcement for today in Greer, South Carolina to discuss an addition to the plant, which makes the X-5 and Z-4 models.
Posted on March 10, 2008 5:44 AM PT | Permalink
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