BMW will invest another $270 million to expand its U.S. operations, the German automaker said. "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 centers in Pennsylvania and Illinois.
Once built the carmaker will have six such centers in the United States.
BMW will invest another $270 million to expand in U.S. - Top Speed
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