http://www.f30post.com/forums/showthread.php?t=964374

BMW will be holding a press conference today (Friday) at its U.S. plant in Spartanburg, South Carolina to announce significant economic and product news. The economic news will include the announcement of a several hundred million dollar expansion to the plant and the product news is widely expected to be BMW X7.

The press conference begins at 1 PM (Eastern time).

Speaking at the event will be:

BMW Group Chairman Dr. Norbert Reithofer
U.S. Secretary of Commerce Penny Pritzker
South Carolina Governor Nikki Haley
BMW Group Board Member Harald Krueger - head of the global production network
Manfred Erlacher - President, BMW Manufacturing.

Watch the press conference live at:

http://www.audiosolutionsusa.com/bmw-032814.html

I'm sure the production vehicle will look a little better than the rendering pictured above but you get the idea. Unclear if there will be any photos today.

Update:



BMW Group Expands its Commitment in the USA

Commits US $1 Billion investment by 2016; Extends X family with new BMW X7; Increases plant capacity 50% up to 450,000 vehicles; Creates 800 new jobs; Starts production of the new BMW X4; Celebrates 20 years of production in the USA.

Spartanburg, South Carolina – March 28, 2014 1:00pm EDT/10:00am PDT…Celebrating 20 years of production in the USA, Dr. Norbert Reithofer, Chairman of the Board of Management, BMW Group, today announced plans to invest US$ 1 billion in the company’s South Carolina plant: “We will expand the plant’s annual production capacity by 50% up to 450,000 vehicles by the end of 2016. Today’s capacity is around 300,000 vehicles. This investment will also create an additional 800 jobs, increasing the total workforce to 8,800 on site.”

At the event held at the plant, Dr. Reithofer was joined by U.S. Secretary of Commerce, Penny Pritzker; South Carolina Governor, Nikki Haley; BMW Group Board member for Production, Harald Krüger; and President of BMW Manufacturing, Plant Spartanburg, Manfred Erlacher.
BMW X7 to be built at Plant Spartanburg

The additional investment will be used to increase capacity, which is necessary to meet strong global demand for BMW X models. “Plant Spartanburg was built to enhance and expand the BMW line-up, underscoring the BMW Group commitment to the United States” said Dr. Norbert Reithofer. “In addition to the X3, X5, X6, and the new X4, we are today announcing another all-new, larger X model to be manufactured exclusively at this plant for our world markets: the X7.”