Connect with us

Hi, what are you looking for?

Editor’s Pick

BMW brings electric Minis back to Oxford as taxpayers inject £75m

<?xml encoding=”utf-8″ ??>

BMW is on the verge of announcing that it is to bring an electric version of the Mini to its Cowley plant in Oxford.

The company is understood to be close to giving the green light for zero-emission Mini models to go into production in 2026 after securing taxpayer support.

BMW had always maintained that Oxford had a future in producing electric Minis. However, it did not expect to go into production of a future model until 2030 at the earliest. Ministers were dismayed by that and are thought to have accelerated support for bringing the electric Mini back to Oxford.

It was reported by Sky News that BMW has secured £75 million from the Automotive Transformation Fund. It is likely that Jeremy Hunt, the chancellor, could announce details of that in next week’s budget. The total investment in Oxford could be as high as £600 million, securing thousands of jobs.

The decision comes at what had looked like a crossroads for the British automotive industry following the collapse of the Britishvolt gigafactory in the northeast leaving the country with no significant battery-making capability; and the departure of Arrival from the UK, a start-up that had promised to build thousands of electrics vans and hundreds of electric buses from new facilities in Oxfordshire.

UK car production has collapsed to a near 65-year low, to just before the time that the original Mini was launched in 1959. Established Japanese manufacturers, Nissan and Toyota, have delayed commitments in bringing new models to their factories in Sunderland and near Derby. Honda and Vauxhall have quit production in the UK and Ford recently announced 1,300 redundancies and a scaling-back of its world-leading research and development facilities in Essex.

Speaking last year, Stefanie Wurst, the German executive who heads Mini, said: “Oxford is not geared up for electric vehicles. It will need renovation and investment.”

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



THE PHILIPPINE government should take time to study the transport modernization program and execute it properly rather than rush the whole process, according to...


OJ SERRANO-UNSPLASH Shinagawa Healthcare Solutions Corp. is preparing to open a diagnostic and preventive care center in Bonifacio Global City (BGC) next month, the...


PHILIPPINE STAR/ KRIZ JOHN ROSALES The Philippine government is planning to launch a retail dollar bond offering next month, Finance Secretary Benjamin E. Diokno...


PHILSTAR Fisherfolk, farmers, children, and individuals residing in rural areas remained the poorest sectors in 2021, according to the Philippine Statistics Authority (PSA). Preliminary...

Editor’s Pick

<?xml encoding=”utf-8″ ??> Ten construction firms have been fined a combined £60m by the competition regulator for “illegally colluding” to rig bids for lucrative...

Editor’s Pick

<?xml encoding=”utf-8″ ??> Just 1% of the estimated £1.1bn lost from the government’s Covid business support programme in England as a result of fraud...

You May Also Like


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.