BMW says one of two new models it will make from 2008 will be built in US
(Updating with US plant background, China plans)

MUNICH (AFX) - Bayerische Motoren Werke AG chief executive Norbert Reithofer said one of the two new model models it will make in 2008 and beyond will be produced at its US plant in Spartanburg.

Reithofer told reporters the car model in question is the X6.He said production levels at Spartanburg in South Carolina are expected to be at more than 200,000 units per year in the medium term.
The Spartanburg plant currently produces the X5 SUV and the Z4 car.

Chief Financial Officer Stefan Krause said at the annual results news conference the company has already hedged more than 50 pct of its risk exposure to US dollar exchange rate changes for this year, while hedging less for the Japanese yen. He did not provide further details.

Commenting on China, Reithofer said BMW would expand manufacturing capacity in China earlier than planned, but did not disclose a specific date.

BMW says one of two new models it will make from 2008 will be built in US UPDATE - Forbes.com