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BMW denies production move to US

BMW says it has no plans to shift production of its cars to the United States, after industry magazine ‘Automobilwoche’ reported that BMW’s upgrade of its U.S. plant would enable it to build cars there.

"There is no basis for speculations about relocation of production from other plants of the BMW Group to the Spartanburg plant," the firm said in a statement on Monday.

BMW said its Spartanburg site would be modernised over the next few years to increase its production flexibility. The firm currently builds the X5 offroader and the Z4 roadster cabrio in Spartanburg, South Carolina.

The firm said the modernisation had been planned for some time and was not linked to current exchange rates.

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