BREAKING: BMW is applying the finishing touches to plans to invest hundreds of millions of pounds into its Oxford plant, securing future production of the iconic Mini in Britain. MarkKleinmanSky has the latest. Read more: 📺 Sky 501 and YouTube
BMW, the German car manufacturer, is applying the finishing touches to plans to invest hundreds of millions of pounds into its Oxford plant, securing future production of the iconic Mini in Britain.
One source confirmed that roughly £75m of the funding would be from the government's Automotive Transformation Fund, having been signed off by the chancellor, Jeremy Hunt.It was unclear exactly how the total investment would be structured, or the specific implications for job creation and retention at the company's Oxford site.
BMW has said previously that its all-electric Mini models - a hatchback and a small crossover - are to be produced in China as part of a partnership with Great Wall, one of the country's biggest carmakers.From this year, the Mini Countryman will be built in Leipzig, Germany.
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