BMW will spend $750 million to expand its South Carolina production facility and create 500 new jobs, doubling the size of its U.S. manufacturing operations, the company said Monday.
The German automaker will add 1.2 million square feet of production space, and construction of new paint shop facilities already has begun, said Frank-Peter Arndt, a BMW board member in charge of global production.
....The announcement comes about two weeks after BMW said it plans to cut 5,000 jobs in Germany and 600 elsewhere, or 7.5 percent of its work force over two years.
....By building the cars in the U.S., BMW can save money on the lower dollar and on wages since its South Carolina workers make less than German workers....
....The expansion more than triples what BMW initially said it would invest in 1992, Gov. Mark Sanford said. Years of expansions have increased that investment to $4.1 billion and a payroll of 5,400 people.