Mini invests more to get more

Posted on Tuesday, 10 July 2012 , 09:07:25 byEmil

Filed under minigermaneuropeaninvestmentbmwMiniEuropeanGermanBMW

Mini invests more to get more


Germans from BMW made an announcement saying they will invest approximately $386.9 million in the United Kingdom. To be more precise, the money will go to its Oxford manufacturing facility, in its Birmingham engine facility and in Swindon steel body pressing plant. All these operations are made in order to help Mini align with a new global growth strategy. These investments will allow Mini to increase the production volumes, but also to develop around 10 new models in the near future. So far, details on the future models are being kept in the dark, but what we do know is that the investments are planned to be completed before the end of 2015. This strategy will provide job security for the 5500 UK associates working on the Mini UK Triangle plants. As the volume and variety of the Mini model line-up grows, there will be additional production requirements for engines and body panels from the UK specialist BMW Group facilities in Swindon and Hall. Part of the investment will be used to develop specific production facilities to meet these requirements. The activities of the BMW Group contribute GBP1.2 billion every year to UK GDP. The BMW Group and its dealer network employ 18.000 people directly while supporting more than 46.000 UK jobs in total. The German company and its dealers spend around GBP1.2 billion every year sourcing goods and services from UK-based suppliers by paying the employee income tax, national insurance, VAT on vehicle sales and business rates. All these data were found in a report published by Oxford Economics and they underline the significance of the business operations of the BMW Group in the UK economy.