IAB Report – BMW X7 announced, X4 production kicks off
Posted on: Mar 29, 2014 - 5:06pm IST
BMW has announced an investment of $1 billion (INR 5,987 crore) into the Spartanburg, South Carolina plant (USA) to boost annual production to 450,000 vehicles by the end of 2016. This is the fifth time the plant is expanding in its 20-year existence.
Some of the extra production capacity will be utilized to make the all-new BMW X7 that would be made exclusively at the plant. BMW didn’t provide any more details, but reports describe the X7 as a three-row SUV that will take on the Audi Q7 and the Mercedes GL Class, and is based on the platform that generates the next gen 5 Series and 7 Series. The car would be sold globally.
BMW did not say when the car will come out, but it is unlikely to expect it before 2017. Besides the X7, BMW confirmed that an X5 Plug-in hybrid (showcased at the Frankfurt Motor Show last year) would be made in Spartanburg in the near future.
The final celebration of the event was the production kick-off of the BMW X4.
You can find detailed information in the press release.
BMW X4 production kicks off at Spartanburg plant – Image Gallery
BMW Group expands U.S. plant in South Carolina – Press Release
[Head to Slideshare if you can’t see the press release above]