Business

BMW 'absolutely committed' to new Mexican plant

Agency | January 09, 2017 01:39 PM

Berlin: German luxury vehicle manufacturer BMW has said that it was "absolutely" committed to a new plant in Mexico despite US President-elect Donald Trump's hostility to imported cars, a media report said on Monday.

BMW Sales and Marketing Director Ian Robertson told the BBC that the firm was "absolutely" committed its new plant in San Luis Potosi, which will make its 3 Series cars for sale across North America.

He added that the company was investing $1 billion in its plant in South Carolina and pointed out that BMW was the biggest exporter of cars, in terms of value, from the US.

"I don't think there's any discussion that BMW is not at home in the US. Yes we are building a plant in Mexico. Yes we built a plant in Brazil last year. Yes we are building plants in other parts of the world as our capacity increases. But that's part of a normal strategic manufacturing direction," Robertson said.

Trump has threatened to impose a "border" tax on firms that make cars in Mexico for the US market.

Last week, Trump criticised General Motors for building cars in Mexico for the US market.

"General Motors is sending Mexican-made model of Chevy Cruze to US car dealers tax-free across border. Make in USA or pay big border tax!" he tweeted.

He also threatened Toyota with a border tax if it went a head with a plant in Mexico.

On Sunday Fiat Chrysler Automobiles (FCA) announced a $1 billion plan to produce three Jeep models in the US, the BBC said.

FCA will also move the production of a Ram pickup truck from Mexico to the US.

 

Have something to say? Post your comment
Must Read
Former General Secretary of SGPC, Sukhdev Singh Bhaur joins AAP
Former General Secretary of SGPC, Sukhdev Singh Bhaur joins AAP
AAP candidate Dr Sanjiv Sharma files nomination papers from the Jalandhar Central constituency
AAP candidate Dr Sanjiv Sharma files nomination papers from the Jalandhar Central constituency
Congress candidate from Jalandhar Central Rajinder Beri files nomination
Congress candidate from Jalandhar Central Rajinder Beri files nomination
Sukhbir Singh Badal announces Gurpartap Singh Tikka as party candidate from Amritsar South
Sukhbir Singh Badal announces Gurpartap Singh Tikka as party candidate from Amritsar South
SAD candidate Sarabjit Singh Makkar Files nomination from Jalandhar Cantonment constituency
SAD candidate Sarabjit Singh Makkar Files nomination from Jalandhar Cantonment constituency
Massive show of strength by Joginder Singh Mann during filing of nomination papers
Massive show of strength by Joginder Singh Mann during filing of nomination papers
AAP Candidate HS Walia files nomination from Jalandhar Cantt constituency
AAP Candidate HS Walia files nomination from Jalandhar Cantt constituency
AAP’s “Broom” is shown as election symbol for Independent Candidates in Jalandhar
AAP’s “Broom” is shown as election symbol for Independent Candidates in Jalandhar
Now “Ghar Vapsi” of Gurkanwal, now returns to Congress
Now “Ghar Vapsi” of Gurkanwal, now returns to Congress
SAD District President of Jalandhar Channi continues his absence from Makkar’s campaign
SAD District President of Jalandhar Channi continues his absence from Makkar’s campaign
Vijay Sampla resigns the post of State BJP Chief and as Union Minister of State
Vijay Sampla resigns the post of State BJP Chief and as Union Minister of State
TMC realeases its Third list for upcoming polls
TMC realeases its Third list for upcoming polls