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A look back on BMW, South Carolina and Southern manufacturing

It has been 20 years since BMW broke ground on its Spartanburg, SC manufacturing facility, and while the automaker doesn't have any plans to mark the moment, economists and industry analysts have taken a closer look at the facility's impact on South Carolina, the South and global manufacturing. As of November, the Spartanburg plant's 7,000 employees cranked out 25,000 vehicles per month, and BMW has poured some $6 billion into the state since the plant opened in 1993. While that figure nearly matches the state's proposed budget for next year, some say there have been drawbacks.
To begin with, South Carolina provided BMW with hundreds of millions of dollars worth of public money and tax breaks with little public oversight, setting a precedent that would repeat itself with other corporations. The Detroit News reports that a Pew Center evaluation found 26 states didn't have a sufficient system for evaluating tax incentive performance. But BMW opened the door for a Southern manufacturing renaissance, with automakers from Mercedes-Benz to Hyundai and Volkswagen opening plants in the Deep South.
While states have raced to offer ever sweeter tax and cash incentives for big manufacturers, officials say BMW is proof the system can pay dividends. You can read the full piece here.

Toyota sells off Tesla shares, too

The incredible rise of Tesla's stock price has done little to now stop two major shareholders from ditching their stake in the American EV manufacturer. First, Daimler, parent company of Mercedes-Benz, ditched its four-percent stake, and less than a week later, Toyota is doing the same thing, selling off an undisclosed bit of its Tesla investment.
The move comes as Toyota winds down sales of the RAV4 EV, which gets its batteries and electric motor from Tesla at the company's Fremont, CA factory.
"We have a good relationship with Tesla, and will evaluate the feasibility of working together on future projects," Toyota spokesperson Kayo Doi told Bloomberg via email.

BMW 2 Series, X5 get their M Performance parts on

BMW models come in a number of flavors, from their standard guises to M Sport variants and M Performance models to full-on M muscle machines. But if you want to pick and choose the degree to which you want your Bimmer upgraded along the path to M, BMW automaker offers its M Performance Parts line. The Bavarian automaker already offers these performance and stylistic add-ons for a number of models, and has now released new kits for both the 2 Series Coupe and the latest X5 crossover.
The catalog for the 2 Series includes an available lowered suspension kit, upgraded brakes, new alloys, carbon aero kit and interior trim enhancements. There's also a power kit available for the 220d model that squeezes out an extra 16 horsepower for a total of 200, and a limited-slip differential and exhaust silencer for the M235i.
Upgrades to the X5 crossover, meanwhile, also include a carbon aero kit and interior trim package. The X5 xDrive35i model also gets a power kit boosting output by 20 ponies to 326 hp and an exhaust silencer. Scope out the details in the pair of press releases below and the pair of high-resolution image galleries top and bottom.