BMW Group has announced that it will make an additional £500 million ($818 million USD) investment in its UK production network over the next three years. The move confirms that the UK will be a production location for its next generation Mini models, which include the Mini Coupe and Mini Roadster.
This takes the company’s investment across all its UK operations to more than £1.5 billion since 2000.
“We have started preparing our UK plants for production of the next generation MINI and this investment underlines that the UK will remain the heart of MINI production,” announced Norbert Reithofer, Chairman of the Board of Management of BMW AG, during his visit to London on Thursday. “The MINI brand has made a significant contribution to BMW Group’s success in markets around the world and we anticipate that this will grow further in the future.”
A majority of the investment will be used to create new production facilities and equipment at Mini’s plant in Oxford, helping protect 5,000 jobs at the assembly plant in Oxford, the pressings plant in Swindon and the company’s engine plant at Hams Hall near Birmingham.
Mini’s have been produces in Oxford since 2001 and in that time nearly two million vehicles have been produced at the location, including with 1.5 million Minis that have been exported to 90 different countries.
– By: Omar Rana