Mini looking at expanding capacity
BMW Group has announced that it will be investing Rs 21.49 billion in its Mini brand in UK by the end of 2015. The investment will be used for the Mini's Swindon steel body pressing plant, manufacturing facility at Oxford and engine facility at Birmingham. BMW says that this investment will help Mini support its international growth strategy with increasing volumes and to add 10 new models in the line-up. This investment is apart from the Rs 49.92 billion that the Bavarian manufacturer had announced in July last year.
Dr Vince Cable addressed company employees at Oxford, warmly welcoming the new investment, "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 Rs 21.49 billion in addition to the Rs 49.92 billion last year demonstrates BMW's commitment to the UK and safeguards jobs for the future."