SC business notebook, Sept 19

September 18, 2013 

250 millionth vehicle rolls off BMW assembly line in Greer

The 2.5 millionth domestic BMW rolled off the manufacturing line in Greer Tuesday. The mineral white metallic BMW X5 xDrive50i with Terra Dakota Leather and M Sport Package will be sent to a sales lot San Antonio, Texas, the company said. The milestone – notching another half-million vehicles – was reached in 21 months, the quickest in the nearly 20-year-old plant’s history, BMW said. The plant is undergoing a $900 million expansion to add the BMW X4. The expansion is set for completion by the end of next year and will produce 350,000 vehicles annually.

Bi-Lo Center gets new name

The Bi-Lo Center in Greenville is getting a new name. The Greenville Arena District Board voted Thursday to rename the 15,000-seat arena the Bon Secours Wellness Arena after the nonprofit company that runs two hospitals in the area. The company is paying $4.5 million for the naming rights for the next 10 years. Grocery chain Bi-Lo decided not to renew its naming rights when its $3 million contract ran out this month. The arena has been known as the Bi-Lo Center since it opened 15 years ago.

Duke Energy ends health insurance for retirees

Duke Energy Corp. is joining a growing list of corporations scrapping long-held practices of providing retirees with health insurance and giving former workers a fixed amount to buy their own supplement to Medicare coverage. The country’s largest electric company last week began notifying about 14,500 retirees of Duke Energy and predecessors or subsidiaries in North Carolina, South Carolina, Florida, Ohio, Indiana and Kentucky, The (Raleigh) News & Observer reported Wednesday.

Kristy Eppley Rupon and The Associated Press contributed.

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