The UK automotive industry had yet another positive announcement today, as BMW Group revealed that it is to invest a further £250m in Mini manufacturing. The funding is in addition to a £500m investment announced in 2011. It will support Mini sites in Oxford, Swindon and the West Midlands to increase the number of vehicles produced.
While no new UK jobs have been associated with the announcement, both BMW Group and business secretary Vince Cable have stressed the role of the investment in providing extra job security for existing workers, as well as highlighting the company’s commitment to the UK as a key manufacturing base.
Harald Krueger, a board member at BMW, commented: ‘Over the last eleven years, 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.’
Vince Cable added: ‘BMW’s ambitious plans for Mini will ensure its UK sites at Oxford, Swindon and Hams Hall remain at the centre of Mini production worldwide. The investment of £250 million in addition to the £500 million last year demonstrates BMW’s commitment to the UK and safeguards jobs for the future.’
BMW Group’s announcement follows swiftly on from Crewe-based Bentley’s report of strong sales growth and the fourth successive month of UK new car registrations growth, both announced on TARGETjobs last week, as well as many more positive developments for the UK automotive industry earlier in the year.
Source: Targetjobs.co.uk, Monday 9th July 2012
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