BMW increases X3 production in China

BMW X3 images

BMW’s Chief Executive on Tuesday stated the automaker has boosted production of its X3 offroader model in Spartanburg, South Carolina, along with that one in China, a step which decreases exposure to trade tariffs between China and the United States. “We have boosted production of X3 for the U.S. market,” Harald Krueger informed analysts on […]

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Investments, legal fines put brakes on BMW

bmw 520d

BMW’s first-quarter operating profit dropped 78 percent to 589 million euros, regardless of higher deliveries of luxury vehicles, as the automaker felt the effects of higher investment spending and a 1.4 billion euro ($1.6 bln) legal provision. The European Commission earlier month informed German automakers they face hefty fines for alleged collusion in the area […]

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BMW was biggest U.S. automotive exporter by value in 2018

BMW M2 M Performance Edition

Germany’s automaker BMW AG stated it was the biggest U.S. automotive exporter by value for the fifth consecutive year, with exports amounting more than $8.4 billion in 2018. The company stated it exported 234,689 units of its X model sport utility vehicles and coupes from its plant in Spartanburg, South Carolina, in 2018. “Despite…the continued […]

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