BMW defends plans to open plant in Mexico
German carmakers Push Trump Warning on Mexican plants.
The question is whether Trump ideas become law, the group said.
Daimler, BMW also make U S cars for worldwide export.
German carmakers have pushed the threats Donald Trump of import duties on cars they do in Mexico, showing a vast expansion of production in the U S in recent years.
BMW AG, the president elected distinguished in an interview with the German newspaper Bild on Sunday sought to defuse potential tensions by claiming that its largest plant is in South Carolina and the cars manufactured expected, smaller plant in Mexico will be exported globally Trump said BMW will face an import duty of 35 percent on vehicles it exports to the United States from Mexico.
We take feedback seriously, but it remains to be seen whether and how ads will be implemented by the US administration, Matthias Wissmann, president of the association of the German automotive industry VDA, said in a statement sent by mail the US Congress will probably show substantial resistance against service proposals, he said.
Trump's comments were the first for a European automaker after issuing similar warnings to Ford Motor Co and Toyota Motor Corp. So far, the threats have prompted conciliatory gestures by Ford targeted companies canceled plans for a plant 1 6 billion in the country instead develop an existing site in Michigan Toyota, which should start producing Corolla cars at a new plant in Mexico from 2019, said he will make Trump decisions account in the future.
BMW shares fell to 2 percent and 7 were to 1 5 percent lower at 86 euros 28 to 14 38 pm commercially Frankfurt That's in line with the index Bloomberg Europe Autos 500, which was down from about 1 7 percent.
The company sees no reason to change his plans in Mexico, Peter Schwarzenbauer, head of BMW Mini and Rolls-Royce brands as well as the automobile business BMW sharing, told reporters on the sidelines of a conference in comments Munich Trump aren t really a surprise, he added.
BMW, which has been churning out cars at its plant in Spartanburg, South Carolina for more than two decades, plans to expand capacity there to 450,000 units per year of about 411,000 in 2016. The plant, which makes almost all BMW SUVs sold worldwide, is one of the largest exporters of vehicles outside North America.
The United States is the second largest export market for German car manufacturers and an important country of production Mercedes-Benz and Volkswagen AG also have plants in the US and more than half of the vehicles manufactured by the companies German ago representatives exported Volkswagen and Mercedes parent Daimler AG declined to comment.
After being asked about the BMW planned installation of central Mexico - which is being built at a cost of $ 1 billion and will begin making sedans 3 Series in 2019 - Trump made his comments about the society.
I would say BMW, they want to build a plant in Mexico and sell cars in the U S without paying a tax of 35 percent, then they can forget, Trump said, according to Bild.
While BMW Trump called by its name, it is not only every German automaker has or is building capacity in Mexico to provide the U S and the South American markets - and take advantage of low wages in the country.
German carmakers Push Trump's warning on Mexican plants, German car manufacturers push.