BMW to Cover Tariff Costs on Mexican-Built 3 Series Sedans
(Reuters) -German automaker BMW is telling dealers in the U.S. it will absorb the added cost of new tariffs on its imports from Mexico, at least for the next several weeks, the Wall Street Journal reported on Wednesday.
BMW said it had certain Mexican-built models that would be subject to tariffs, the 3 Series sedan and 2 Series coupe, including its M2 performance version, and it would "price protect" these vehicles until May 1, the report said, citing a message to dealers.
BMW did not immediately respond to a Reuters request for comment.
Previously, a spokesperson for the company told Reuters that about 10% of BMW's U.S. sales are imported from Mexico.
(Reporting by Chandni Shah in Bengaluru; Editing by Chris Reese and Tasim Zahid)
