BMW to Build New Electric Mini
The move protects thousands of jobs at a site that has been making cars for more than 100 years.
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The move protects thousands of jobs at a site that has been making cars for more than 100 years.
LONDON (AP) - BMW announced plans Monday to transform its Mini factory in Oxford, England, to produce nothing but electric vehicles, protecting thousands
LONDON — German car giant BMW on Monday said it would invest more than £600 million ($751 million) in its UK plants making the Mini, with the Oxford site producing only electric vehicles from 2030.British media said the UK government will invest £75 million, helping to safeguard 4,000 jobs."BMW's investment is another shining example of how the UK is the best place to build
BMW will invest £600m in its Oxford electric Mini plant, creating 4,000 jobs, after a government subsidy and reversing its prior decision to move production to China.
The decision allays fears about the future of the 110-year-old plant in the city's Cowley area - which started building Minis in 1959.