BMW's U.S. Assembly Plant Turns Out the Lights Earlier Than Expected
For a brief while, it looked like BMW’s Spartanburg, SC assembly plant would be the last such factory in the U.S. still in operation. Nope.
The German automaker announced Wednesday that pressures from the coronavirus pandemic have forced its hand, prompting a shutdown scheduled to begin Sunday.
Steel of a Deal: BMW Looking at Sourcing More Carbonized Iron From U.S.
As nations continue plotting how to best stab each other in the back in the wake the United States’ decision to impose steeper tariffs on aluminum and steel, manufacturers have to find a way to roll with the punches. Domestic BMW dealers have begun crapping their designer britches over fears that 3 Series models will suddenly host MSRPs in excess of $60,000 if the Trump administration follows through with a threat to impose high import duties on cars.
While we don’t know if the 25 percent import tariff on cars will come to pass, we do know the very real steel tariffs will shrink the profit margin of many vehicles. However, BMW is one of the first automakers we’ve heard discussing the purchase of more U.S. steel to mitigate costs.