Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersCalendar 
The feature you requested does not exist. However, we suggest the following feature:

Bayerische Motoren Werke : BMW Manufacturing's 2015 export value reaches nearly $10B

02/10/2016 | 03:10pm US/Eastern

Feb. 10--BMW Manufacturing Co. announced today that the export value of its passenger vehicles through the Port of Charleston in 2015 totaled $9.8 billion, confirming the company's South Carolina facility as the leading U.S. automotive exporter by value.

According to data from the U.S. Department of Commerce, this accomplishment represents a 7.8 percent increase over BMW's 2014 value. In 2015, more than 280,000 vehicles were exported from its South Carolina plant, over 70 percent of the plant's total volume.

"Once again, BMW is proud to claim the top vehicle exporter spot," said Manfred Erlacher, president and CEO of BMW Manufacturing. "2015 was a great year for BMW in the United States... we had a record production year and a record sales year.

In addition to being the largest U.S. automotive exporter, our South Carolina plant has also become the largest facility in BMW's global production network. These achievements are significant and clearly reinforce BMW's ongoing commitment to the U.S."

"BMW has been a treasured part of the South Carolina family since the first cars rolled out of its Spartanburg County facility," said South Carolina Governor Nikki Haley. "Today's announcement is another reminder that there's no limit to what we can achieve when Team South Carolina, and our world class workforce, work together with a great corporate citizen like BMW."

"We congratulate BMW on being the largest automotive exporter to the world as its value reaches nearly $10 billion. This announcement reinforces the success a company can have when choosing to locate or expand here in South Carolina. We look forward to their continuing to grow and thrive for many years to come," said S.C. Department of Commerce Secretary Bobby Hitt.

"SC Ports Authority has a strong partnership with BMW, and their operations are a tremendous asset to our port," said Jim Newsome, SCPA president and CEO. "We are proud to serve the nation's leading automotive exporter through both our Charleston and Greer facilities and look forward to supporting their future growth."

BMW Manufacturing currently produces more than 1,400 vehicles each day and is the exclusive exporter of X-model vehicles (X3, X4, X5 and X6) to more than 140 global markets. In 2015, the plant produced a record 400,904 vehicles and the $1 Billion expansion investment, announced in 2014, continues. In 2015, the BMW brand finished the year with record sales of 346,023 vehicles in the U.S. Nearly 30 percent of this amount represents a South Carolina X-Model.

___

(c)2016 the Anderson Independent Mail (Anderson, S.C.)

Visit the Anderson Independent Mail (Anderson, S.C.) at www.independentmail.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

React to this article
Latest news
Date Title
03:10p BAYERISCHE MOTOREN WERKE : BMW Manufacturing's 2015 export value reaches nearly $10B
03:09p Dollar hits 15-month low against yen after Yellen testimony
03:09p CONSOLIDATED TOMOKA LAND : Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
03:07p IF BANCORP : Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)
03:07p CERRO GRANDE MINING CORPORATION : Provides Update Regarding Filing of Disclosure Documents
03:07p Implant Sciences to Announce Second Quarter Fiscal 2016 Financial Results
03:07p PULTEGROUP : Highly-Anticipated Amenity Center Unveiled At Carolina Arbors
03:06p DEUTSCHE BANK : shares get boost from bond buyback reports
03:06p GENVEC : NASDAQ:GNVC) Shareholders Alert: Investigation of Possible Securities Laws Violations
03:06p CRAWFORD MPANY : & Company® Board Declares Quarterly Dividends
Latest news
Advertisement
Hot News 
UBS : Asset Management and Morningstar Collaboration in the Defined Contribution Market Passes Milestone
TANGENT COMMUNICATIONS : Recommended Cash Offer
HORNBY : Warns On Annual Loss And Banking Covenants After Weak January
ANIMALCARE : Profit Down In First Half As Lower-Margin Revenue Rises
GREAT WESTERN MINING : Minister unable to set electrification date for Swansea
Most Read News
02/09 CLIFFORD CHANCE LLP : advises on sale of the Isaac Plains Coal Project by Sumitomo Corporation and Vale
10:20a GROUPE BPCE : Appointment : Jacques Beyssade joins Groupe BPCE's General Management Committee as Deputy Chief Executive Officer
05:30a Global In-Vitro Cancer Diagnostic Markets Market 2016-2020 - Blood Tests Replace Surgical Biopsies / Single Screening Test for All Cancers Announced
02/09 AUSTRALIAN GREENS : Up to 23 consignments of produce sent overseas from farm linked to salmonella outbreak
12:02a WORLDREMIT : Raises $45m to Drive Next Phase of Growth
Most recommended articles
03:09p Dollar hits 15-month low against yen after Yellen testimony
03:05p All About The Yuan
03:04pDJTwo AIGs Aren't Better Than One -- Ahead of the Tape
03:01p MetLife challenges U.S. 'too big to fail' designation in court
02:59pDJPuerto Rico Bondholders Offer Another Restructuring Plan