BMW considers second U.S. manufacturing plant
- US Market
- 3 months ago
BMW is considering a second U.S. manufacturing plant that could produce engines and transmissions, Chief Executive Harald Krueger announced on Tuesday.
This came shortly after President Donald Trump's comments that he would impose tariffs on imported cars as of next week.
In an interview at the Los Angeles Auto Show Krueger added that he backed British Prime Minister Theresa May's current Brexit plan separtae the U.K. from the European Union.
"The compromise on the table is something I can clearly support," he said.
With an assembly plant already situated in South Carolina and plans to open a further factory in Mexico in 2019, BMW is considering changes to its current scheme of importing engines and transmissions.
An additional plant in the U.S. would be a wise move too as it would provide a natural currency hedge.
Source: Smart Trend Team/ CNBC