BMW AG sought to defuse potential tensions with President-elect Donald Trump by noting its factory in the U.S. is its largest in the world and that a new, smaller factory in Mexico will make cars for its global customers and not just Americans. Trump singled out BMW in an interview with German newspaper Bild on Sunday, saying the automaker will face a 35 percent import duty on cars it exports to the U.S. from Mexico. He also added he wished the company “well” if it plans to sell to the global market. BMW will make 3-Series sedans starting in 2019 at a $1 billion plant it’s building in San Luis Potosi state in central Mexico. “The production is planned for the world market,” BMW said Monday in an e-mailed statement. The Munich-based carmaker said it has a “deep level” of operations in the U.S. and noted that its plant in Spartanburg, South Carolina is its biggest worldwide. Trump’s comments are the latest that threaten actions against manufacturers who make cars in Mexico for export to the U.S., prompting some conciliatory gestures by the targeted companies. Ford Motor Co. has canceled plans for a $1.6 billion factory in the country to instead expand an existing site in Michigan. Toyota Motor Corp., which plans to start producing Corolla cars at a new plant in Mexico starting in 2019, has said it’ll take Trump’s decisions into account in the future. While BMW may have been singled out by Trump, it isn’t alone. Every German carmaker has or is building capacity in Mexico to supply the U.S. as well as South American markets. The biggest German auto factory in Mexico is Volkswagen AG’s plant in Puebla. BMW shares fell as much as 2.7 percent and were 1.2 percent lower at 86.58 euros at 10:10 a.m. in Frankfurt trading. That’s in line with the Bloomberg Europe 500 Autos Index which was down about 1.4 percent.