Economics
BMW Opens First Mexico Plant as Trump Tariff Standoff Builds
- German automaker sank $1 billion into plant to make 3 Series
- Tariffs seen slowing plant ramp-up to full production volumes
BMW plant in San Luis Potosí, Mexico, on June 6.
Photograper: Alejandro Cegarra/Bloomberg
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BMW AG executives opened the automaker’s first Mexican assembly plant extolling its value for the coming years, just a week after President Donald Trump threatened a fresh tariff threat on Mexican goods.
BMW spent about $1 billion on the plant, set in the vast arid plains of San Luis Potosi in north-central Mexico. It’s one of three -- the other two are in Germany and China -- that will produce the next-generation 3 Series sedan for sale in the U.S. and other markets.