financetom
Business
financetom
/
Business
/
BMW considers boosting output at U.S. plant by up to 80,000 units
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
BMW considers boosting output at U.S. plant by up to 80,000 units
Apr 10, 2025 9:34 AM

BERLIN, April 10 (Reuters) -

German automaker BMW is considering adding shifts

to its Spartanburg plant in South Carolina to boost output by up

to 80,000 units, executives said on an analyst call on Thursday,

as carmakers brainstorm ways to appease the Trump administration

and ward off a mounting trade war.

The premium carmaker had around 30 days' worth of inventory

in the United States as well as some stocks and components, and

would keep prices stable on most U.S. models until the end of

May, executives told analysts, according to a note on the call

by Bernstein Research and confirmed by BMW.

The investor call was held before a closed period on company

information ahead of annual results scheduled for May 7.

The carmaker's Spartanburg plant, which exports around

half of the vehicles it makes to customers outside the United

States, is located in a free-trade zone.

That meant that parts imported by BMW for vehicles

destined for exports were exempt from tariffs, executives said,

providing some relief, according to the note.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cigna Sues Bristol Myers Over Alleged Monopoly on Cancer Drug Pomalyst
Cigna Sues Bristol Myers Over Alleged Monopoly on Cancer Drug Pomalyst
Jun 24, 2025
02:19 PM EDT, 06/24/2025 (MT Newswires) -- Cigna Group ( CI ) filed a lawsuit against Bristol Myers Squibb ( BMY ) , accusing the pharmaceutical giant of violating US antitrust laws by preventing generic versions of its blood cancer drug Pomalyst from entering the market. The complaint, filed Tuesday in federal court in Manhattan, claims that Bristol Myers' Celgene...
Why AMD Stock Is Soaring Tuesday
Why AMD Stock Is Soaring Tuesday
Jun 24, 2025
Shares of Advanced Micro Devices Inc ( AMD ) are surging higher on Tuesday, driven by a new strategic partnership and an analyst upgrade. What To Know: The semiconductor giant’s stock is higher Tuesday following the announcement of a strategic alliance with HCLTech, a leading global technology company. The collaboration is set to accelerate enterprise digital transformation by leveraging AMD’s...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Belgravia Hartford Capital Announces 100% Bitcoin Directed $10 Million Private Placement Financing
Belgravia Hartford Capital Announces 100% Bitcoin Directed $10 Million Private Placement Financing
Jun 24, 2025
02:19 PM EDT, 06/24/2025 (MT Newswires) -- Belgravia Hartford Capital ( BLGVF ) on Tuesday announced a non-brokered private placement for aggregate proceeds of up toC$10 million. The placement will offer up to 40-million share units priced at $0.25 each and made up of a share and one half of a one-year warrant to buy a second share for $0.50...
Copyright 2023-2026 - www.financetom.com All Rights Reserved