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The German automaker will produce an additional electric sport utility vehicle at its existing facility. The move comes as other manufacturers reduce electric vehicle investment after reporting large losses.
cnbc.comBMW will build a new electric sport utility vehicle at its South Carolina factory. The German company said the decision continues its commitment to electric vehicles. Other automakers have reduced electric vehicle programs after recording billions of dollars in losses.
The new model will be assembled at the existing plant.
No new construction or hiring figures were provided. The company did not name the specific model or give a production start date.
These outlets didn't split into competing frames — coverage was uniform.
Fox NewsAmazon Web Services announced Tuesday a $1 billion investment to create a unit of forward-deployed engineers who will embed with customers to accelerate artificial intelligence deployments. The initiative makes AWS the first major cloud provider to launch such a program. Existing…