BMW Investing $270 Million In U.S. Operations
Agent009 submitted on 6/13/2008 Official Bell & Ross Timestamp: 12:05:35 PM
9 user comments | Category: Misc News | Source: | SOURCE: www.reuters.com
BMW, the world's largest premium carmaker, is investing $270 million to expand its U.
S. operations, it said on Friday. "These investments show that we are convinced of the continued long-term growth of the U.S. market despite the difficult economic conditions currently," BMW sales chief Ian Robertson said in a statement.
BMW sold 336,000 vehicles last year in the United States -- the world's single largest luxury car market -- an increase of 7.1 percent and accounting for roughly 22 percent of total group sales.
In order to better cope with the growing volumes and the resulting need for more spare parts, BMW will invest by the end of this year $170 million in two new parts distribution centres in Pennsylvania and Illinois.
Read Article