BMW CEO Norbert Reithofer announced that the automaker will continue its new product initiative with the X6 crossover. The X6 crossover will begin production in 2008 at the company’s assembly plant in Spartanburg, South Carolina. The X6 is a spin-off of the X5 SAV that will seat four and feature a coupe-like body. The X6 will be offered with all-wheel drive and be powered by V8 engines.

Reithofer said that BMW hopes to increase production in the U.S. to more than 200,000 annually by 2010. BMW’s annual production capacity at its only U.S. production plant in Spartanburg, S.C., is currently around 140,000 vehicles. The aim of a North American expansion is to reduce the effect of a strong euro on prices in North America, BMW’s top single market.

## Source: BMW ##

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