BMW to cut German labor, increase U.S. production

• BMW (BAMXY) plans to cut €100M ($136M) of German labor costs every year after 2015.
• The German cuts come as the company decides which plants in Bavaria are financially worth it to build it's new models.
• However, BMW also announced it would invest $1B to enlarge its U.S. plant in South Carolina, increasing the number of employee's to 8,800. The U.S. plant will be the company's biggest production facility by 2016.