financetom
Business
financetom
/
Business
/
BMW considering added shifts at US Spartanburg plant, analyst note says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
BMW considering added shifts at US Spartanburg plant, analyst note says
Apr 10, 2025 7:41 AM

BERLIN (Reuters) -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.

The investor call was held before a closed period on company information before annual results scheduled for May 7.

BMW did not immediately respond to a request for comment.

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 export 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 >
Startup founders must focus on values, culture and not just money: Girish Mathrubootham of Freshworks
Startup founders must focus on values, culture and not just money: Girish Mathrubootham of Freshworks
Jun 15, 2022
Founded in 2010, Freshworks started its journey from a 700 sq ft warehouse in Chennai, as a software as a service (SaaS) provider for customer support operations. In 2018, it became the first pure-play SaaS unicorn of India. Today, Freshworks' products are used by over 150 unicorns. That’s about 20 percent of all unicorns globally.
Amazon-backed BankBazaar CEO says he is ready for a funding round after 2 years to fuel the growth of co-branded credit cards
Amazon-backed BankBazaar CEO says he is ready for a funding round after 2 years to fuel the growth of co-branded credit cards
Jun 22, 2022
“We are hoping that it will be a great strategic investor. What we are thinking is this is a 20-30 year business build out. It is not a 5-6 year thing. So we are in it for the long haul,” said Shetty, the CEO of BankBazaar.com, which is backed by WSV, Experian, Eight Roads, Sequoia India, Walden International and Amazon.
Plan to open 50 stores of Wow! Chicken in 2022, says Co-Founder Sagar Daryani
Plan to open 50 stores of Wow! Chicken in 2022, says Co-Founder Sagar Daryani
Jun 14, 2022
Quick service restaurant brand, Wow! Momo has devised a strategy to take on American player KFC. The company has launched a new brand called Wow! Chicken.
India is in Kapil Dev phase of Web 3.0; Tendulkar, Dhoni yet to come: General Catalyst
India is in Kapil Dev phase of Web 3.0; Tendulkar, Dhoni yet to come: General Catalyst
Jun 20, 2022
Since inception two decades ago, US-based venture capital firm General Catalyst has pumped in over USD 14 billion in more than 1,000 startups globally. In recent years, it has seen some notable IPOs, including AirBnB, Vroom, Cazoo, Deliveroo and more. The fund, which invests across stages - seed to growth and beyond, recently closed its eleventh fund with a corpus of USD 4.6 billion. Its largest fundraise till date. It is out of this fund that General Catalyst seeks to actively invest in Indian startups.
Copyright 2023-2025 - www.financetom.com All Rights Reserved