BMW Group has announced that its manufacturing plant in Ovford, Midlands engine plant and Swindon steel body pressings operation are to receive a £250 million (€315.2m) boost in investment.
This follows last year’s £500m investment, adding further support to the company’s growth blueprint which will eventually lead to the production of ten different models and job security for its workforce employed at the triangle of plants. A medium term solution to the expansion in capacity may require the utilization of an additional production facility outside the UK with the Nedcar plant in The Netherlands being considered.
“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,” said BMW Group’s Harald Krueger.
[Source: MINI]