BMW will be holding a press conference today (Friday) at its U.S. plant in Spartanburg, South Carolina to announce significant economic and product news. The economic news will include the announcement of a several hundred million dollar expansion to the plant and the product news is widely expected to be BMW X7.
The press conference begins at 1 PM (Eastern time).
Speaking at the event will be:
BMW Group Chairman Dr. Norbert Reithofer
U.S. Secretary of Commerce Penny Pritzker
South Carolina Governor Nikki Haley
BMW Group Board Member Harald Krueger – head of the global production network
Manfred Erlacher – President, BMW Manufacturing.
Watch the press conference live at:
According to Automotive News, the BMW X7 will be one of the significant announcements at the Spartanburg press event scheduled for March 28.
The Wall Street Journal, citing sources, reported late yesterday that BMW will spend several hundred million dollars to expand the plant to build the three-row seven-seat X7.
Construction at the plant would boost production levels to 400,000 vehicles annually, says Automotive News. It is currently being expanded to build 350,000 a year.
After the X4 goes into production, the X7 will represent the fifth vehicle to be built at Spartanburg (joining the X3, X4, X5 ad X6). Roughly half of the X models currently built are exported to more than 130 countries.
BMW insider Scott26 shares some details on the current product plans and studies being undertaken at BMW for potential new X models – namely potential X2, X4 M, X7, X8 and a new Sport Activity Sedan niche.
X marks the Sport.
The following relates to ideas under discussion and evaluation. Whereas some concepts show promise to production reality. Some show discussions and conception in regards to market and growth projections.
It is not a question of just product planning but a reaction to growth in the segment. The SUV segment whether in city , compact , entry , mid , large or luxury continue to grow and grow.
BMWs current line of X1 , X3 , X5 and X6 are no doubt huge sellers and contributors to BMWs successful … CONTINUED
BMW ‘Insider’ Scott26 ruminates on potential future BMW SUVs and large coupe sedans, namely the BMW X7, X8, 7 series XLi, and revival of the CS Concept in the form of a CS II.