The automaker is unveiling the revamped X3 sport utility vehicle at its plant in Spartanburg, S.C., to celebrate the 25-year anniversary of its U.S. factory. The facility is BMW’s biggest in the world and an important shield against Trump...
The broad slowdown in equipment orders and shipments raises the risk that business investment will provide less of a boost than anticipated to the economic rebound this quarter.
"While we expect most of our production to remain in the U.S., we do need to establish local factories to ensure affordability for the markets they serve," the company said.
The positive readings from a Confederation of British Industry survey come in the week the U.K. began its formal exit talks with the European Union.
Foxconn’s billionaire chairman also vowed to press on with a bid for Toshiba Corp.’s semiconductor business -- a deal that could cost $27 billion and usher Foxconn into the memory chip business.