Powered by cricketnext logo
»
1-min read

BMW to Produce All-Electric Mini in Britain

Investment in Britain's automobile sector fell in 2016 to less than £1.7 billion ($2.2 billion, 1.9 billion euros) from 2.5 billion in previous years.

AFP Relaxnews

Updated:July 26, 2017, 8:26 AM IST
facebookTwittergoogleskypewhatsapp
BMW to Produce All-Electric Mini in Britain
Electric drivetrains will be built at two plants in Bavaria "before being integrated into the car at Plant Oxford, which is the main production location for the Mini 3 door model," the group said in a statement. (Image: AFP Relaxnews)
Loading...
German luxury car manufacturer BMW said Tuesday it will build a future all-electric version of its Mini in Britain, easing fears that it might move production away after Brexit. Electric drivetrains will be built at two plants in Bavaria "before being integrated into the car at Plant Oxford, which is the main production location for the Mini 3 door model," the group said in a statement.

BMW chief executive Harald Krueger had issued what sounded like a veiled warning at the Munich-based firm's annual general meeting in May. Brussels and London should show "pragmatism" in Brexit talks to avoid pitfalls that could harm industry, he said. BMW had other production facilities on the Continent that could take on Mini production, he added.

The car industry encapsulates many of the challenges the UK must address as it seeks to disentangle itself from 40 years of EU membership and strike a new trade deal before the March 2019 cutoff date.

As well as the potential for high tariffs on finished cars crossing a future UK-EU border, leaving the EU could also disrupt supply chains that see components crossing borders many times for different production processes before being built into vehicles.

Investment in Britain's automobile sector fell in 2016 to less than £1.7 billion ($2.2 billion, 1.9 billion euros) from 2.5 billion in previous years.

Also Watch:

(Get detailed and live results of each and every seat of the state Assemblies in Madhya Pradesh, Rajasthan, Telangana, Chhattisgarh and Mizoram to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you put on the psephologist's hat. Know interesting facts and trivia about the elections. Elections = News18)
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results