BMW to Build New Vehicle at South Carolina Plant

BMW will unveil a new vehicle later this year that will be built at its plant in South Carolina, Chairman Oliver Zipse told CNBC. The Spartanburg plant currently produces the BMW X3, X4, X5, X6 and X7 as well as performance models of most of the vehicles. BMW currently exports about 70% of the vehicles it produces at the U.S. plant, Zipse said. He declined to disclose other details of the new vehicle.

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