INDUSTRY NEWS
BMW SA will not benefit from a trade war
The manufacturer has begun production of the X3 at its plant in SA while internationally it is dealing with the US-China trade dispute
In the same week that things became heated in the trade war between the US and China, BMW SA began production of the new X3 at its plant in Rosslyn near Pretoria. Its German parent has already halted all X3 production at its plant in Spartanburg in the US, but a trade war will undoubtedly affect exports of other X models from the South Carolina facility. In a statement, the BMW Group said: "Our overall position on this issue is we stand for free trade worldwide: our company has a global production network and a global sales market. We also take advantage of purchasing markets around the world. "Barrier-free access to markets is therefore a key factor not only for our business model, but also for growth, welfare and employment throughout the global economy. Free trade has also made the success story of the BMW Group in the US possible. Therefore, in our opinion, a further escalation of the trade conflict between the US and China would be harmful for all stakeholders. "The Spartanburg...
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