US President, Trump has attacked German car maker, because they build according to him, to many cars in Mexico. Demonstrative has announced that BMW is now the 25th anniversary of his American plant, new investments and Jobs.
In the midst of the dispute with U.S. President Donald Trump to car-jobs in the United States, the car manufacturer, BMW, has announced new investment in a large U.S. plant. “In the years 2018 to 2021, we will invest a further 600 million dollars in the production of structures for future generations of the BMW X model range,” said CEO Harald Krüger on Monday in the Spartanburg plant in the US state of South Carolina. “By 2021, we will create another 1000 jobs,” said Kruger. Currently over 9000 Employees work in the factory.
The US President has to get his announcements, industry jobs in the country, just on the car industry, shot. In addition to the US giant General Motors (GM), Ford and Fiat Chrysler, he has taken, but also BMW and Daimler into the visor. Trump’s view, the German car manufacturer to build a lot of vehicles on the cheap in Mexico, and then to sell it in the USA. The Jobs cost in the United States, Trump. BMW has currently a factory in the Mexican city of San Luis Potosi in 2019, the 3P-model series to be built.
Almost four million cars, “made in Spartanburg”
Since the commissioning of the plant in September 1994, have been manufactured in Spartanburg, around 3.9 million vehicles in 2016 were 411.000 cars. In the largest factory of the Munich car maker around 1400 vehicles of the models X3, X4, X5, and X6 from the Band, of which around 70 percent will be exported to run on a daily basis. The maximum production capacity of the plant is 450,000 vehicles a year. Currently, BMW is preparing in Spartanburg with the production of the Giant SUV X7, which should come by the end of 2018 on the market.
The BMW factory in the U.S. state of South Carolina is the largest plant of the German automotive group in the world
25 years ago, the people of Munich had made the decision to build the plant, which was the first full-plant outside of Germany. On the occasion of the ceremonial act BMW chief Kruger said additional investment of 200 million dollars in education and training. These he had provided Trump during a meeting at the White house in March. Kruger calculated that BMW have invested a total of eight billion dollars in Spartanburg.
BMW currently has to fight in the U.S., with a slump in sales. In 2016, the Munich sold ten percent fewer cars in the important US market, in this year, the Minus is, so far, to a further five percent. The U.S. market had climbed to 2016, thanks to cheap Fuel and low financing interest rates to another record high this year, experts expect, but despite the high discounts with a noticeable flaueren Cut off. Well it runs in the States for BMW, especially with the thick city all-terrain vehicles, the U.S. car buyers popular. With limousines like the new 5-series model, it is not, however, quite so rosy. Before starting in 2018, the big X7 in Spartanburg will be built, starting in the autumn of 2017 already in the new Version of the X3 for swing, the Kruger on Monday in Spartanburg.
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U.S.-punitive tariffs, German car maker for the time being, cold
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U.S.-punitive tariffs, German car maker for the time being, cold
The BMW CEO can’t rest on this, that the group had recognized in 2016 again set records in revenue, sales and pre-tax profit. Investors miss is that the profit margin in the core business, the automotive industry has been falling for years. A large model offensive is now to stop the shrinkage at the margin, and the product range rejuvenate. Tend to be newer cars make on customers, higher selling prices. BMW needs the money to shoulder billions in investments in technologies such as electric drives and driver assistance systems. In the case of E-cars, the group was, among other things, with its i3-models-a pioneer – the sales success, however, remained modest.
tko/kle (dpa, rtr)