BMW Building X5 in Thailand to Deal With Chinese Tariffs

Jason · 08-07-2018, 09:07 AM

BIMMERPOST NEWS

BMW Building X5 in Thailand to Deal With Chinese Tariffs

66
COMMENTS

Via Reuters

FRANKFURT (Reuters) - BMW’s (BMWG.DE) said it is producing between 10,000 and 20,000 X5 sports utility vehicles in Thailand as a way to supply Chinese customers now that imported vehicles from the United States face a 40 percent tariff.

In spring 2016, BMW started building the X5 in Thailand and this plant is now capable of making a “significant portion” of the vehicles that would otherwise have been exported from its plant in Spartanburg, South Carolina to China.

“This is one action to counteract,” Chief Executive Harald Krueger told analysts in a call to discuss the company’s second-quarter results.

DDD31 · 08-07-2018, 09:08 AM

More winning for South Carolina!

SteveinArizona · 08-07-2018, 10:12 AM

fake news. really being built on the moon.

menelaos · 08-07-2018, 10:39 AM

Quote:

Originally Posted by SteveinArizona

fake news. really being built on the moon.

Not that it makes a big difference since these are made by machines with very little human intervention, but it just add to the winning Made In America message that clown DJT professes to believe in.
He already subsidizes farmer because of his destructive policies,... Car makers next??

M2COMP · 08-07-2018, 10:43 AM

People in SC will end up losing jobs because of stupid tariffs. No one is a winner here except somebody's ego.

Laki021 · 08-07-2018, 10:45 AM

Well done Donald!

Blubaron79 · 08-07-2018, 10:47 AM

MAGA

evanevery · 08-07-2018, 11:15 AM

Make America Stupid Again!

raym3cs · 08-07-2018, 11:15 AM

MAGA burden on our economy

yousefnjr · 08-07-2018, 11:21 AM

Political story on front page

FreudeamFahren18 · 08-07-2018, 11:27 AM

Quote:

Originally Posted by yousefnjr

Political story on front page

How is this a political story? Its the truth. If they export X5 from the US to china they will face 25% tariff. Thats a fact , Its not just about politics. There are consequences to stupid decisions made by leaders who have zero grasp about how world economies function.

blue dragon · 08-07-2018, 11:30 AM

Quote:

Originally Posted by Jason

Via Reuters

FRANKFURT (Reuters) - BMW’s (BMWG.DE) said it is producing between 10,000 and 20,000 X5 sports utility vehicles in Thailand as a way to supply Chinese customers now that imported vehicles from the United States face a 40 percent tariff.

In spring 2016, BMW started building the X5 in Thailand and this plant is now capable of making a “significant portion” of the vehicles that would otherwise have been exported from its plant in Spartanburg, South Carolina to China.

“This is one action to counteract,” Chief Executive Harald Krueger told analysts in a call to discuss the company’s second-quarter results.

More MAGA!!

Short term pain, the Chinese will lose face and come around right?

/sarcasm

Z K · 08-07-2018, 11:40 AM

In a world economy, there's only so much you can do if you can't compete on the world stage. Raising tariffs just makes companies move to avoid it.

There are no winners in these scenarios.

yousefnjr · 08-07-2018, 11:57 AM

Quote:

Originally Posted by FreudeamFahren18

How is this a political story? Its the truth. If they export X5 from the US to china they will face 25% tariff. Thats a fact , Its not just about politics. There are consequences to stupid decisions made by leaders who have zero grasp about how world economies function.

I mean, you just brought up Trump, so you’re answering your own question

evanevery · 08-07-2018, 12:10 PM

Quote:

Originally Posted by FreudeamFahren18

How is this a political story? Its the truth. If they export X5 from the US to china they will face 25% tariff. Thats a fact , Its not just about politics. There are consequences to stupid decisions made by leaders who have zero grasp about how world economies function.

The article states the Chinese Tariff is actually 40% (not 25%)...

BMW is the largest exporter of cars made in the USA. (Not Chevy, Ford, or Dodge...)

So the US wants to tax BMW cars 25% as we import them and then the Chinese want to tax BMW cars 40% as we export them.

BMW is taking it up the A$$ both coming and going. BMW can't win here. I wonder how all the Trump voters in Spartanburg are feeling right now? Probably a lot like the folks at Harley Davidson (and Chevy, and Ford)...

MetalMK · 08-07-2018, 12:26 PM

So factories are moving out of US instead of opening new ones like Trump said on Twitter. What a joke.

mose121 · 08-07-2018, 12:38 PM

The Spartanburg plant employs 10,000 Americans with quality jobs and great benefits, produces $8.8 billion for the U.S. economy on just the vehicles they export alone, and supports various other industries like trucking, railroads, the port of Charleston, etc. The plant singlehandedly decreased the trade deficit over a billion dollars in 2017. The ONLY person that thinks these tariffs are a good idea is Trump. No word on if BMW will also shift X7 production to another country as well. BMW had pumped billions into Spartanburg. Trump is clearly barking up the wrong tree.

dkhm3 · 08-07-2018, 12:58 PM

sigh. must be part of the grand plan to winning.

Flying Ace · 08-07-2018, 01:11 PM

Quote:

Originally Posted by evanevery

The article states the Chinese Tariff is actually 40% (not 25%)...

BMW is the largest exporter of cars made in the USA. (Not Chevy, Ford, or Dodge...)

So the US wants to tax BMW cars 25% as we import them and then the Chinese want to tax BMW cars 40% as we export them.

BMW is taking it up the A$$ both coming and going. BMW can't win here. I wonder how all the Trump voters in Spartanburg are feeling right now? Probably a lot like the folks at Harley Davidson (and Chevy, and Ford)...

you're assuming BMW/Harley plant workers and their friends/family/neighbors and people who get direct and indirect economic benefits of these plants understand how to crunch numbers you just crunched.

Flying Ace · 08-07-2018, 01:12 PM

Tomorrow, we should expect to see a tweet from #45 regarding how Thailand is now screwing us.

Maverik259 · 08-07-2018, 01:16 PM

So much uneducated stupidity in this thread. Why does everyone find a need to bring politics into a car thread.

No one has lost their jobs in SC because of this. The plant wasn't built overnight in Thailand and has been long a plan for BMW (even before Trump) for quite some time as it's still much cheaper to get vehicles from Thailand to China than from anywhere else.

Yes the tariffs will have some growing pains. Theyre taxes of course it's going to cause some initial pain. But it's not just about the US economy here. China is still to this day being treated like an aspiring 3rd world economy in the economical markets. They aren't even closely taxed or treated the same as most other major economic powers when it comes to world economic dealings. Read/listen to something other than a major 24hr news show and you all might learn something.

No bring on the anti trump ANTIFA hate mail. I'm ready!

F32Fleet · 08-07-2018, 01:18 PM

Fake news in that the decision to build in Thailand was made well before any of this tariff talk.

08-07-2018, 09:07 AM	#1
Jason Administrator 51485 Rep 21,487 Posts Drives: F80 M3 Join Date: Mar 2005 Location: USA iTrader: (0)	BMW Building X5 in Thailand to Deal With Chinese Tariffs BIMMERPOST NEWS BMW Building X5 in Thailand to Deal With Chinese Tariffs 66 COMMENTS Tweet Via Reuters FRANKFURT (Reuters) - BMW’s (BMWG.DE) said it is producing between 10,000 and 20,000 X5 sports utility vehicles in Thailand as a way to supply Chinese customers now that imported vehicles from the United States face a 40 percent tariff. In spring 2016, BMW started building the X5 in Thailand and this plant is now capable of making a “significant portion” of the vehicles that would otherwise have been exported from its plant in Spartanburg, South Carolina to China. “This is one action to counteract,” Chief Executive Harald Krueger told analysts in a call to discuss the company’s second-quarter results. __________________ Check on the Latest BMW News Become a fan of Bimmerpost Facebook Follow us on Bimmerpost Twitter Subscribe to Bimmerpost Youtube Channel
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08-07-2018, 09:08 AM	#2
DDD31 Captain 1760 Rep 906 Posts Drives: 24 M3CS Join Date: Jul 2015 Location: Michigan iTrader: (0)	More winning for South Carolina! __________________ Garage List: 1999 BMW M3 1995 MB E320 1985 MB 300 CD 2015 Mini Cooper S
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08-07-2018, 10:12 AM	#3
SteveinArizona Brigadier General 3052 Rep 4,208 Posts Drives: BMW 530e Join Date: Jul 2016 Location: Greater Phoenix iTrader: (0)	fake news. really being built on the moon.
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08-07-2018, 10:43 AM	#5
M2COMP Captain 615 Rep 656 Posts Drives: 2011 X5, 2013 550xi, M2C Join Date: Jan 2011 Location: Southeast iTrader: (0)	People in SC will end up losing jobs because of stupid tariffs. No one is a winner here except somebody's ego.
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08-07-2018, 10:45 AM	#6
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08-07-2018, 10:47 AM	#7
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08-07-2018, 11:15 AM	#8
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08-07-2018, 11:15 AM	#9
raym3cs Lieutenant 186 Rep 416 Posts Drives: San Marino M3CS Join Date: Dec 2013 Location: N-NJ iTrader: (0)	MAGA burden on our economy
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08-07-2018, 11:21 AM	#10
yousefnjr salty cowboys fan 8405 Rep 4,105 Posts Drives: ‘06 Z4MR, ‘20 X7, ‘22 M4x Join Date: Dec 2012 Location: Bay Area, CA iTrader: (2)	Political story on front page
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08-07-2018, 11:40 AM	#13
Z K Major General 1983 Rep 5,565 Posts Drives: G20 M340i, S15 Silvia Spec R Join Date: Jul 2011 Location: San Francisco iTrader: (3)	In a world economy, there's only so much you can do if you can't compete on the world stage. Raising tariffs just makes companies move to avoid it. There are no winners in these scenarios. __________________ Auto Detailing Enthusiast!
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08-07-2018, 12:26 PM	#16
MetalMK First Lieutenant 243 Rep 328 Posts Drives: BMW Join Date: Dec 2017 Location: Canada iTrader: (0)	So factories are moving out of US instead of opening new ones like Trump said on Twitter. What a joke.
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08-07-2018, 12:38 PM	#17
mose121 Humanist 406 Rep 414 Posts Drives: F80 M3 ZCP/F31 330i M Sport Join Date: Jan 2006 Location: Pittsburgh iTrader: (0)	The Spartanburg plant employs 10,000 Americans with quality jobs and great benefits, produces $8.8 billion for the U.S. economy on just the vehicles they export alone, and supports various other industries like trucking, railroads, the port of Charleston, etc. The plant singlehandedly decreased the trade deficit over a billion dollars in 2017. The ONLY person that thinks these tariffs are a good idea is Trump. No word on if BMW will also shift X7 production to another country as well. BMW had pumped billions into Spartanburg. Trump is clearly barking up the wrong tree. __________________ '19 F31 M Sport Estoril Blue : '16 F80 M3 ZCP Mineral Grey : '15 E84 X1 M Sport Le Mans Blue : '13 E92 M3 ZCP Alpine White '10 E82 135i M Sport Le Mans Blue : '99 E46 328i Sport Fern Green : '95 E36 M3 Cosmos Schwartz : '95 E36/5 318ti Clubsport Jet Black
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08-07-2018, 12:58 PM	#18
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08-07-2018, 01:12 PM	#20
Flying Ace Lieutenant General 5146 Rep 11,911 Posts Drives: Taycan GTS, 997.1 & 991.1 GT3s Join Date: Jul 2014 Location: SF, CA iTrader: (5)	Tomorrow, we should expect to see a tweet from #45 regarding how Thailand is now screwing us. __________________ 22 Phytonic/Coffee X5 45e (Retired) 08 Speed Yellow 911 GT3 Sharkwerks 12 AW/Cinnamon X5d Sports Pkg (retired) 14 AW/Beige M6GC ZCP, MPE, V2 steering wheel, vorsteiner (retired) 08 SSII/Black E90 M3 (retired)
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08-07-2018, 01:16 PM	#21
Maverik259 Major General 4752 Rep 8,181 Posts Drives: F90 M5 / F15 50i / X7 M50i Join Date: Jun 2017 Location: Virginia iTrader: (2) Garage List 2020 BMW M5 [10.00] 2014 X5 50i [0.00]	So much uneducated stupidity in this thread. Why does everyone find a need to bring politics into a car thread. No one has lost their jobs in SC because of this. The plant wasn't built overnight in Thailand and has been long a plan for BMW (even before Trump) for quite some time as it's still much cheaper to get vehicles from Thailand to China than from anywhere else. Yes the tariffs will have some growing pains. Theyre taxes of course it's going to cause some initial pain. But it's not just about the US economy here. China is still to this day being treated like an aspiring 3rd world economy in the economical markets. They aren't even closely taxed or treated the same as most other major economic powers when it comes to world economic dealings. Read/listen to something other than a major 24hr news show and you all might learn something. No bring on the anti trump ANTIFA hate mail. I'm ready! __________________ '07 Yamaha R1 (sold)/'05 C230k (sold)/ '06 C55 AMG (sold)/'14 X5 50i (Dad’s now) '20 M5 '21 X7 M50i DSE (Wife's)
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08-07-2018, 01:18 PM	#22
F32Fleet Lieutenant General 4240 Rep 10,872 Posts Drives: 2015 435i Join Date: May 2005 Location: Southeastern US iTrader: (0)	Fake news in that the decision to build in Thailand was made well before any of this tariff talk. __________________ "Drive more, worry less. " 435i, MPPK, MPE, M-Sport Line
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