FRANKFURT, Nov 6 (Reuters) - Potential import tariffs
under a possible U.S. presidency of Donald Trump may even
benefit BMW, the German premium carmaker's CEO said on
Wednesday, pointing to its strong local footprint that includes
its largest plant worldwide.
The group's plant in Spartanburg, South Carolina,
produces more than 1,500 vehicles a day, making it BMW's biggest
factory worldwide and a main exporter to markets including
Germany, China and Britain.
Oliver Zipse, speaking to journalists after presenting
third-quarter results, said BMW may even have "more of an
advantage" if there were tariffs "because we have a very, very
large footprint in the USA".
"In this respect, we shouldn't be too nervous about what
might happen," Zipse said, adding BMW was present at 30
locations across 12 U.S. states.
He said that two-thirds of BMW's vehicle sales in the U.S.
were produced in Spartanburg, adding BMW was committed to
investing further in the site with its more than 11,000
employees.
In the first nine months of 2024, BMW's deliveries in
the United States were down 2.1% at 271,399 vehicles.
The Spartanburg plant alone produced 410,793 vehicles in
2023, of which more than half were exported to 120 countries
worldwide, leaving ample room for BMW to sell more locally
should tariffs be slapped on vehicle imports.
"There's some natural cover-up against possible
tariffs," Zipse said.