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Aug 8, 2018
08/18
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spartanburg is home to the largest b mcht w plant in the world.hey made more than 370,000 luxury suvs, employing 10,000 people. pumping billions in to the state's economy. is it safe to say how well bmw does is how well spartanburg county does? >> you might could say that because there is a lot of industry in spartanburg county that are directly connected to bmw. >> growth, jobs, and i know that that's brought in a lot of families in to the area. brings money in to the area. >> reporter: spartan duburg's a deep red, meaning in 2016 the county voted 63% for donald trump. but president trump has threatened to place tariffs on imported bmw vehicles and parts. that could make bmws made and sold in america a lot more expensive. the company is already feeling the impact of trump's trade war with china. over 80,000 spartanburg-made bmw suvs are sold in china every year. now china's striking back placing tariffs on the american-made vehicles. it is an mick double-whammy of trump's making which bmw says could have negative effects on investment and employm
spartanburg is home to the largest b mcht w plant in the world.hey made more than 370,000 luxury suvs, employing 10,000 people. pumping billions in to the state's economy. is it safe to say how well bmw does is how well spartanburg county does? >> you might could say that because there is a lot of industry in spartanburg county that are directly connected to bmw. >> growth, jobs, and i know that that's brought in a lot of families in to the area. brings money in to the area....
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Aug 4, 2018
08/18
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is it safe to say how well bmw does is how well spartanburg county does?ght say that, there is a lot of industry directly connected to bmw. >> growth, jobs, and i know that that's brought in a lot of families into the area. it brings money into the area. >> reporter: spartanburg voted 63% for donald trump. president trump promised tariffs on bmw parts, that could make bmws made and sold in america a lot more expensive. the company is feeling the impact with china over 80,000 spartanburg made bmvs are sold in china every year. now china is striking back, placing tariffs on the american-made vehicles. it's an economic double whammy of trump's making, which bmw could have negative effects on employment in the united states, in other words, bmw might have to scale back production and lay off workers in spartanburg. >> i feel like ahelped spurt bmw. >> reporter: how concerned are you now talking tariffs and trade wars? >> i'm extremely concerned, the impact the ripple effect goes beyond bmw and the automotive industry. >> reporter: he is one of the few politici
is it safe to say how well bmw does is how well spartanburg county does?ght say that, there is a lot of industry directly connected to bmw. >> growth, jobs, and i know that that's brought in a lot of families into the area. it brings money into the area. >> reporter: spartanburg voted 63% for donald trump. president trump promised tariffs on bmw parts, that could make bmws made and sold in america a lot more expensive. the company is feeling the impact with china over 80,000...
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Aug 4, 2018
08/18
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over 80,000 spartanburg-made bmvs are sold in china every year.king back, placing tariffs on the american-made vehicles. it's an economic double whammy of trump's making, which bmw says could have negative effects on vest and employment in the united states. in other words, bmw might have to scale back production and lay off workers in spartanburg. david britt is the commissioner. how concerned are you now of the talk of tariffs and trade wars? >> i'm extremely concerned, the impact, the ripple effect goes beyond bmw and the automotive industry. >> reporter: he is one of the few republican politicians in the country willing to tell trump he is wrong. >> these tariffs could put the foot on the throat of growth and stop it. we don't need that. >> reporter: other trump supporters here say they support the president's policy. but some are concerned. none wanted to talk on camera. they're not the only ones reluctant to speak out. many south carolina companies are concerned but fear if they criticize the president's policies, they'll become a target of
over 80,000 spartanburg-made bmvs are sold in china every year.king back, placing tariffs on the american-made vehicles. it's an economic double whammy of trump's making, which bmw says could have negative effects on vest and employment in the united states. in other words, bmw might have to scale back production and lay off workers in spartanburg. david britt is the commissioner. how concerned are you now of the talk of tariffs and trade wars? >> i'm extremely concerned, the impact, the...
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coupe a and spartanburg south carolina. the new explorers already been featured at the geneva motor show which ways our car reviewer i know is that he wants to experience it out on the road this is the little brother of the x. six billed by its maker as sports activity coupe a zero x. force based on the x three so with the latter having recently been upgraded beamer has two. we checked out the most powerful diesel in. mission with the sport expect each m forty d. it's powered by a turbo charged in line six unit with two hundred forty kilowatts of output all wheel drive and an eight speed out of magic transmission are standard top speed is two hundred fifty kilometers per hour the maker rates fuel consumption of six point six liters for one hundred kilometers prices in germany started just under seventy one thousand euros. and i believe i know finds the new x four has sharper contours than a somewhat flopper predecessor it's eight centimeters longer four centimeters wider and a bit flatter giving it a muscular low writing lo
coupe a and spartanburg south carolina. the new explorers already been featured at the geneva motor show which ways our car reviewer i know is that he wants to experience it out on the road this is the little brother of the x. six billed by its maker as sports activity coupe a zero x. force based on the x three so with the latter having recently been upgraded beamer has two. we checked out the most powerful diesel in. mission with the sport expect each m forty d. it's powered by a turbo charged...
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Aug 13, 2018
08/18
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KPIX
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bmw's spartanburg plant is the argest in the world. manufacturers have sprung up around it. >> this is the raw bar that has a 25% tariff on it. >> reporter: darrell kidd is a sales manager at msi in rock daryl where they use imported steel. the president imposed tariffs on that steel in june, which drove up the price. >> we had to evaluate and actually pass on about a 15% a rease to our customer base. >> reporter: your customers are paying 15% more than they were urfore? customers. g reporter: here in the u.s.? heyhere in the u.s. . reporter: recently, south carolina's chamber of commerce >> h south cetter to lawmakers urging them to do whatever it cham makersto inform the administration about the jobs at isk due to rising tariffs. rt currently five of south carolina's six gop congressmen are backing the president. rice is one of them. >> it's not free trade if you re standing and letting the other guy stick it to you. >> reporter: he argues that u.s. pressure will eventually force >> repord europe to drop high long standing tariffs on
bmw's spartanburg plant is the argest in the world. manufacturers have sprung up around it. >> this is the raw bar that has a 25% tariff on it. >> reporter: darrell kidd is a sales manager at msi in rock daryl where they use imported steel. the president imposed tariffs on that steel in june, which drove up the price. >> we had to evaluate and actually pass on about a 15% a rease to our customer base. >> reporter: your customers are paying 15% more than they were urfore?...
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Aug 3, 2018
08/18
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cnn went to spartanburg, south carolina, where a lot of jobs are tied to the bmw plant there. 80,000 cars made at that plant are exported to china. one county commissioner who supports president trump says he is worried about a trade war. >> i'm extremely concerned because the impact, the ripple effect, it goes beyond bmw and the automotive industry. these tariffs could put the foot on the throat of growth and stop it. we don't need that. >> richard quest is with me now and, you know, so the unemployment numbers continuing to go down, wonderful news. jobs -- the wage not as fast as it should be. what's going on? >> well, that is a slight concern, not only because americans want to have higher wages. >> yeah. >> but at this point in the cycle we should be seeing more wage growth. effectively to all intents and purposes the united states is now at full employment. arguably anybody who wants a job there is a job for them. >> okay. >> and that creates a pricing pressure because suddenly companies can't find workers. suddenly employers are having to bid up wages and we're not seeing that
cnn went to spartanburg, south carolina, where a lot of jobs are tied to the bmw plant there. 80,000 cars made at that plant are exported to china. one county commissioner who supports president trump says he is worried about a trade war. >> i'm extremely concerned because the impact, the ripple effect, it goes beyond bmw and the automotive industry. these tariffs could put the foot on the throat of growth and stop it. we don't need that. >> richard quest is with me now and, you...
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Aug 23, 2018
08/18
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FBC
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the spartanburg plant that bmw operates has 8,000 u.s. workers.if the numbers of cars sold in china goes way down, you may get some layoffs of those workers. i add one final fact for you. you say, why are the germans so hard-hit and we're not? because most of the cars that we sell in china are actually made in china. we make them there at u.s. plants in china. for example, general motors only exported 2000 vehicles from the u.s. to china last year, mostly buicks and cadillacs. a few camaros in there as well. because most of the vehicles it sells there are made with its chinese partners in china. and so, and you know, bottom line on that is gm actually sells now more cars in china than it sells in the u.s. we already make a lot of cars over there. so they're not subject to the tariff. cheryl: before i let you go, you know about this more than i do, the whole mexico angle with this the automotive part production, assembly in mexico versus the u.s., how important are they telling you this potential nafta deal with mexico is? >> it's huge because thes
the spartanburg plant that bmw operates has 8,000 u.s. workers.if the numbers of cars sold in china goes way down, you may get some layoffs of those workers. i add one final fact for you. you say, why are the germans so hard-hit and we're not? because most of the cars that we sell in china are actually made in china. we make them there at u.s. plants in china. for example, general motors only exported 2000 vehicles from the u.s. to china last year, mostly buicks and cadillacs. a few camaros in...
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Aug 23, 2018
08/18
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FBC
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bmw, for example, which has a huge plant in spartanburg, south carolina, made 52,000bmw x-5s last year. mercedes at its plant in alabama made 40,000 gles and bmw by far, the big loser. mercedes, second. ford, third when it comes to vehicles made here and shipped over there. to give you some, you know, you think well, okay, that's the german auto makers. we don't care about them. well, yeah, but those german auto makers at the u.s. plants employ u.s. workers and to give you an impact sense of just what that is, that bmw plant in south carolina making the x series, 371,000 x series vehicles made there last year. 100,000 plus sent to china, a third almost of their output. if you employ 8,000 people like they do in south carolina, and you reduce the output by a third, it stands to reason some of those american workers would be laid off. that hasn't happened yet. just so you know, the best-selling, i thought you might ask this question, best-selling american-made car by the u.s. auto makers in china would be the lincoln mkc. they sold 17,000 of them there. that's not a lot of vehicles, but
bmw, for example, which has a huge plant in spartanburg, south carolina, made 52,000bmw x-5s last year. mercedes at its plant in alabama made 40,000 gles and bmw by far, the big loser. mercedes, second. ford, third when it comes to vehicles made here and shipped over there. to give you some, you know, you think well, okay, that's the german auto makers. we don't care about them. well, yeah, but those german auto makers at the u.s. plants employ u.s. workers and to give you an impact sense of...
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Aug 28, 2018
08/18
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FBC
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that potentially takes jobs away in a place like spartanburg, south carolina, where they made the x3.e u.s. plant and shipping them oversees. because we don't have a deal with china, they're not doing that anymore. in europe, declining growth. look in europe, 2016 they grew by 10%. this year looking closer to about 3%. you know in some ways autos led the recovery, neil. now autos may lead to the next phase, how many cars do we need you? can't just keep buying new cars. we replenish in the what had been kind of a dearth of sales. now, i don't know where we're going from here. it may not be to the moon. we've already been to the moon. neil: that is true. reality, making them so much better they last longer. so you don't need to replace them. reporter: exactly. neil, i don't want to get away without saying what a great interview with president carter. he is the first president i ever covered. you worked for him back in the day as an intern. regardless what you say about his presidency, what a great man to this day. neil: very nice. he is driven by other things. money ain't one of them. i
that potentially takes jobs away in a place like spartanburg, south carolina, where they made the x3.e u.s. plant and shipping them oversees. because we don't have a deal with china, they're not doing that anymore. in europe, declining growth. look in europe, 2016 they grew by 10%. this year looking closer to about 3%. you know in some ways autos led the recovery, neil. now autos may lead to the next phase, how many cars do we need you? can't just keep buying new cars. we replenish in the what...
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Aug 23, 2018
08/18
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the x-5 made at the south carolina plant, spartanburg plant. they sold 52,000 in china.a plant. sold 40,000. about the mwx3 in south carolina. sold 43,000. the germans taking a hit, that is no big deal. the only problem is that those cars made at u.s. plants with u.s. auto workers. 8,000 at the mercedes plant. 4,000 workers at bmw plant. those jobs potentially in jeopardy with the big tariff. stuart: jeff flock in the middle of it. thank you very much, jeff, as usual in the middle of it. >>> uber expanding its freight service for small and mid-sized businesses. i want to bring in the sheen i don't remember product manager at uber. eric, welcome to the program. great to see you. >> thanks for having me. stuart: i got to tell you. this is news to me. i'm a uber user but i didn't know i could summon up a uber truck. is that brand new? >> uber freight has been around a year. we move truckloads of goods for shippers around the country. stuart: what are you doing now? >> we launched uber freight platform for shippers. shippers can press a button to get a truck like uber app. i
the x-5 made at the south carolina plant, spartanburg plant. they sold 52,000 in china.a plant. sold 40,000. about the mwx3 in south carolina. sold 43,000. the germans taking a hit, that is no big deal. the only problem is that those cars made at u.s. plants with u.s. auto workers. 8,000 at the mercedes plant. 4,000 workers at bmw plant. those jobs potentially in jeopardy with the big tariff. stuart: jeff flock in the middle of it. thank you very much, jeff, as usual in the middle of it....