German automakers looks to expand U.S. market share
WSJ: Volkswagen, BMW preparing to accelerate manufacturing here
By Plant Engineering Staff
While Detroit struggles with plant closings and figures out how the federal bailout loans can help them regain market share from Asian automakers, there’s a new challenger on the horizon %%MDASSML%% Germany.
The Wall Street Journal is reporting how German automakers are building new plants in America %%MDASSML%% including BMW’s Spartanburg, SC plant , named Plant Engineering’s 2007 Top Plant winner %%MDASSML%% as a way to build U.S. market share.
Volkswagen has already announced its new plant outside of as a way to boost U.S. sales to more than 1 million cars, and BMW is expanding the Spartanburg plant after retooling it just two years ago.
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BMW exporting $7.4 billion from Spartanburg plant - 02.03.2012 10:13
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2012 Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.