BMW to invest £250 million in UK Mini factories
Approved by:
Tan Dung
Updated:
July 9, 2012
BMW has recently announced plans to invest £250 million in its three MINI facilities in the UK by the end of 2015.
The investment will secure 5,500 jobs at its facilities in Oxford, Swindon and Hams Hall, Birmingham. The company also announced further growth in production with up to 10 different Mini models, with the potential for additional capacity at Oxford.
Harald Krueger, member of the board of management at the BMW Group said "A year ago we announced a further investment of £500 million in our UK production network by 2014 and today we are announcing an additional £250 million, taking us through to 2015. This brings our total investment in the UK since 2000 to £1.75 billion [. . .] Over the last decade, MINI has been a unique global success and the BMW Group has even greater plans for the future development of the brand. Plant Oxford has played a major role in this with cars being exported to over 100 countries around the world. This additional investment is great news for all our employees in the UK and shows the BMW Group’s commitment to Britain as a vital manufacturing base for us."
The Nedcar plant, which has recently ceased manufacturing cars for Mitsubishi, could be awarded the contract to produce the Countryman from Magna. This would mean that the Paceman, a Countryman variant, would also be produced at Nedcar.
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