BMW to absorb tariff costs on some Mexican-built models
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GERMAN automaker BMW is telling dealers in the US it will absorb the added cost of new tariffs on its imports from Mexico, at least for the next several weeks, a spokesperson for the company said on Wednesday.
The Wall Street Journal first reported the news.
BMW said it would “price protect” certain Mexican-built models that would be subject to tariffs - the 3 Series sedan and 2 Series coupe - until May 1, WSJ reported, citing a message to the company’s US dealers.
A spokesperson for the company confirmed the contents of the report.
Previously, a spokesperson for the company told Reuters that about 10 per cent of BMW’s US sales are imported from Mexico. REUTERS
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