LONDON (AP) — German automaker BMW is set to announce plans to build the next generation electric Mini in Britain after securing U.K. government support for a multimillion-pound investment in the company’s Oxford factory.
The government on Monday confirmed its backing for the project, which will protect 4,000 jobs. While the Department for Business and Trade didn’t specify the level of taxpayer support, British media put the figure at 75 million pounds ($94 million). BMW is expected to release a statement later in the day.
The move is the latest boost for the U.K. auto industry, with vehicle makers announcing plans to invest more than 6 billion pounds ($7.5 billion) in Britain over the past two years. While car production jumped 36% from a year earlier in July, output remains far below pre-pandemic levels.
British Prime Minister Rishi Sunak said the BMW investment “is another shining example of how the U.K. is the best place to build cars of the future.”
2024-12-25 00:042108 view
2024-12-24 23:312209 view
2024-12-24 23:06311 view
2024-12-24 23:001027 view
2024-12-24 22:58324 view
2024-12-24 22:382666 view
As rapper Lil Durk seeks to be freed from jail on a $3 million bond, prosecutors charging him with a
Save yourself from "Infinite Sadness" when The Smashing Pumpkins come to a venue near you.The vetera
Cal Calamia just wanted to run. They’ve done that since fifth grade. They did it on the high school