According to a Wall Street Journal report, BMW said that it will cover the inflated costs from the Trump administration’s tariffs on its cars made in Mexico, until at least May.
Other companies are giving customers a window of reprieve to buy without fear of higher prices.
Hyundai moved to reassure customers that it would not raise prices for its current model lineup for the next two months — until early June. Toyota, which has several production plants in the U.S., also has no immediate plans to increase prices, company spokesperson Victor Vanov said in an emailed statement. The U.S. was Toyota’s biggest market last year, with more than 2 million vehicles sold.
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