BMW Sells Cars Globally Despite Tariffs, No Reason To Change Mexico Plans: Board Member

www.oann.com | 6/6/2019 | Staff
shardonay (Posted by) Level 3
SAN LUIS POTOSI, Mexico (Reuters) – 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 the North American region, said Oliver Zipse, BMW board member in charge of production.

Zipse - Mexican - City - San - Luis

Zipse was in the central Mexican city of San Luis Potosi for the inauguration of a $1 billion BMW plant.

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...
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