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BMW CEO sees 'perfect set-up' in U.S. market
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BMW CEO sees 'perfect set-up' in U.S. market
Nov 6, 2024 2:26 AM

FRANKFURT, Nov 6 (Reuters) - BMW is

well-positioned for any possible import tariffs in the United

States, its CEO told analysts on Wednesday, saying two thirds of

its local sales were produced in its Spartanburg plant in South

Carolina.

Oliver Zipse said that BMW's "perfect set-up" in the U.S.

market provided a "natural cover-up" for potential tariffs,

which have been flagged by Donald Trump, who has claimed victory

in the U.S. presidential election.

(Reporting by Christoph Steitz, editing by Thomas Seythal)

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