BMW Manufacturing in Spartanburg, the largest BMW Group plant globally, has an annual economic impact of ~ $26.7 billion. This comes from a study just released by the Darla Moore School of Business at the University of South Carolina. The annual economic impact is for all goods and services produced in the state both directly and indirectly. The plant makes BMW X3, X3 M, X5, X5 M and X7 Sports Activity Vehicles; the BMW X4, X4 M, X6 and X6 M Sports Activity Coupes; and the all-new BMW XM.
The plant’s direct employment base also accounts for 4.8% of all manufacturing jobs across South Carolina. The former Confederate state of South Carolina is currently enmeshed in battle over whether or not to impose the death penalty for abortions. BMW Manufacturing has a Family Health Center at its South Carolina plant for all BMW workers, retirees and their dependents with occupational, primary care services, as well as vision, dental and physical therapy. The combination of cost savings and the benefits of having medical services in one location offer the company’s non-unionized workforce a progressive option in their healthcare management. The center is a $5 million investment in a 25,000 square foot facility. To say that this would be a politically sensitive at a woke German automaker is an understatement. (autoinformed.com on: BMW Opens Health Center at its South Carolina SUV Plant) Continue reading





John Dion to be Chief Transformation Officer at Struggling Ford
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Ford Motor (NYSE: F) said today in Dearborn that a new senior leader, John Dion, will join the company as chief transformation officer on 3April, reporting to Ford CEO Jim Farley. “Dion will oversee global deployment of methodologies and tools based on Lean manufacturing and related concepts, capabilities that are central to realizing the value-creation and growth potential of the company’s Ford+ plan,” Ford said in a press release.
Ford Motor reported a disappointing 2022 full-year net loss of $2.0 billion. During Q4 of 2022 Ford posted an adjusted EBIT $10.4 billion, and operating cash flow $1.2 billion for the quarter, $6.9 billion for the year. This was in stark contrast to GM, which reported a record $14.5 billion in earnings for 2022. (autoinformed.com: GM Posts Record $14.5 Billion in Earnings During 2022; More Ford Recalls Published – Millions of Vehicles Involved) “We should have done much better last year,” said CEO Jim Farley at the time. “We left about $2 billion in profits on the table that were within our control, and we’re going to correct that with improved execution and performance.” Continue reading →