BMW sees no reason to change its plans for Mexico in the wake of U.S. threats to...
SAN LUIS POTOSI, Mexico - BMW sees no reason to change its plans for Mexico in the wake of U.S. threats to slap duties on Mexican imports, a board member of the German carmaker said on Thursday, adding the company sells cars globally despite tariffs placed by most countries on imported vehicles.
The automaker also foresees no immediate change to its investment plans for North America, said Oliver Zipse, BMW board member in charge of production. Still, other automakers have warned that the imposition of punitive duties on Mexican imports could be damaging to the industry, with Toyota Motor Corp saying on Tuesday the proposal could cost its major suppliers $1 billion.
BMW is producing its 3 series at the San Luis plant, which started up in April and has a capacity of up to 175,000 vehicles per year.
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