Date: 5 months ago   Category: Auto

BMW will transfer release of SUVs to China


In the closest weeks of BMW will solve whether they will build more SUVs in China as new trade duties between the USA and China will make a hole in a size of 344 million US dollars in the profit of the company for 2018. It was said by the chief financial director of BMW Nicholas Petter.

"In the next weeks we will make the final decision on what models will be localized next year in China", - Petter has told Reuters agency. The finance director of BMW has also added that sales of X3 have increased since they have decided to let out him in Asia, reducing dependence on export from the United States.

Construction of new SUVs in China will influence future investments and jobs at the BMW plant in Spartanburg in South Carolina which is the world's largest factory of car maker.

"If the American duties undermine competitiveness of production and sales of BMW, considerable reduction of volumes of export with negative impact on investments and jobs to the USA can be result", - the representative of BMW Kenn Spark has told.

the BMW Plant in Spartanburg releases X3, X4, X5, X6 now and has quite recently started X7. But the trade dispute between the USA and China forces car maker to move production of successful models to China. Now, he should pay 40 percent duty for the cars imported from the USA.

the German car maker has already stopped export of X3 from the USA, having moved production on the plant to Roslin in South Africa, and another to Shenyang, China. Last month the BMW company declared that it will pay 4,2 billion US dollars to take under control the main joint venture in China. Analysts predict, in this case more production will be transferred to China to protect the profit of the company on the trade conflict between the USA and China.

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