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"We
need free world trade," BMW Chief Executive Harald Krueger told
an automotive congress in Bochum on Wednesday, adding that BMW
would also continue to invest in its U.S. Spartanburg plant.
Krueger said that BMW exported 70 percent of annual production
at its Spartanburg plant, where it makes more than 400,000 cars
a year, making it the country's biggest net-exporter.
Trump last month warned the United States would impose a border
tax of 35 percent on imported cars.
Germany's three leading carmakers, Volkswagen <VOWG_p.DE>,
Daimler <DAIGn.DE> and BMW, have invested heavily in Mexico
where production costs are lower than in the United States, with
an eye to exporting smaller vehicles to the world's No.2 car
market.
(Reporting by Matthias Inverardi; Writing by Harro ten Wolde;
Editing by Christoph Steitz)
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