Quote:
Originally Posted by Flying Ace
this makes no sense in the context of what's happening here. If anything, BMW is benefitting from the relaxing of the law in China...
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The majority of the BMW suvs were US made in the south carolina plant and exported to europe and china. BMW was the largest exporter of US made vehicles for a long time because of this.
They were exporting US made BMW suvs to china...GM already has factories in china and so just make them domestically...ie they dont get hit with import tariffs.
The investment is BMW being pragmatic and using that money to invest in upgrade or opening factories in china to make SUV's to avoid potential higher tarffis on US made goods from the trade war.