BMW Group announces serve 500m investment in UK prolongation operations
UK reliable as prolongation plcae for subsequent era MINI
London. The BMW Group has announced currently an additional 500 million investment in a UK prolongation network over a subsequent 3 years and reliable that a UK will be a prolongation plcae for a subsequent era MINI models. This takes a companys investment opposite all a UK operations to some-more than 1.5 billion given 2000.
We have started scheming a UK plants for prolongation of a subsequent era MINI and this investment underlines that a UK will sojourn a heart of MINI production, announced Norbert Reithofer, Chairman of a Board of Management of BMW AG, during his revisit to London on Thursday. The MINI code has done a poignant grant to BMW Groups success in markets around a universe and we expect that this will grow serve in a future.
The BMW Group authority summarized his companys skeleton for serve investment during a public with Prime Minister David Cameron during Downing Street this morning. The investment, a infancy of that will be will be used to emanate new prolongation comforts and apparatus during MINI Plant Oxford, will assistance to guarantee over 5,000 jobs in a MINI car public plant in Oxford, a pressings plant in Swindon and a companys engine plant during Hams Hall nearby Birmingham.
The BMW Group has been producing MINI during Plant Oxford given 2001. In that time scarcely dual million vehicles have been constructed during a plant and some-more than 1.5 million MINIs have been exported to business in 90 opposite countries.
Prime Minister David Cameron said: we acquire this vital investment by BMW Group in UK manufacturing. The prolongation and trade of iconic British cars like a MINI is creation a genuine grant to a rebalancing of a economy that this supervision is dynamic to achieve.
Its a extensive opinion of certainty in a skills and capabilities of a companys British workforce and in a destiny of UK manufacturing. The MINI plant in Oxford has been one of a good prolongation success stories, they should be hugely unapproachable of their achievements. They have shown once again that a UK is a vital actor in a tellurian automotive industry.
BMW Groups plan is that a plcae of prolongation is related to a vast markets for a products. The UK is a BMW Groups fourth-largest singular marketplace in a universe for sales, behind usually Germany, a US and China, with sales in 2010 opposite a BMW, MINI and Rolls-Royce brands totalling 154,750.
Producing 216,302 vehicles in 2010 and exporting to some-more than 90 countries opposite a globe, MINI was a third-largest car manufacturer in a UK, accounting for 17 per cent of inhabitant automotive production. As partial of a enlargement of a MINI product line-up, a MINI Coup will be launched in 2011, followed by a MINI Roadster in 2012 both of that will be constructed in Oxford.
Business Secretary Vince Cable said: “Today’s proclamation by BMW is a genuine reverence to a success of British automotive manufacturing. The firm’s workforce in Oxford is now set to repeat a general success of a stream MINI in producing a subsequent era indication over a entrance years. The competitiveness of automotive prolongation in this nation is shown by a joining of a biggest tellurian firms to make critical investments in long-term prolongation here and as a supervision we are dynamic to make certain this success story stays a large partial of a destiny mercantile expansion we contingency secure.”
Oxford has been a heart of MINI for a final 10 years and we are unapproachable of what has been achieved here, pronounced Jrgen Hedrich, conduct of Plant Oxford. Naturally we are gay to endorse that a subsequent era MINI will be built here too and demeanour brazen to a continued worldwide success of these good cars.
The BMW Hams Hall engine plant, tighten to Birmingham, set a new annual prolongation record in 2010 with 385,051 engines, representing 16 per cent of sum UK engine production. Four-cylinder petrol engines are made during Hams Hall for both MINI and BMW models.
Rolls-Royce Motor Cars Limited, formed during Goodwood in West Sussex, also set a new prolongation record in 2010, with 3,221 Phantoms and Ghosts hand-crafted and sole all over a world.
BMW Groups grant to UK economy
A new news published by Oxford Economics underscores a stress of a BMW Groups business operations to a UK economy. The BMW Group and a play network occupy around 18,000 people directly, while a retailer and use network supports over 46,000 jobs in sum in a UK.
80 per cent of MINIs and 90 per cent of Rolls-Royce Motor Cars constructed in a UK are exported. In total, 2.4 billion value of cars and engines are exported any year, creation a BMW Group a vital UK exporter that accounts for around one per cent of all products exported by UK companies.
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The BMW Group
With a 3 brands — BMW, MINI and Rolls-Royce a BMW Group is one of a worlds many successful reward manufacturers of cars and motorcycles. It operates internationally with 24 prolongation sites in 13 countries and a tellurian sales network with illustration in some-more than 140 countries.
During a financial year 2010, a BMW Group sole 1.46 million cars and some-more than 110,000 motorcycles worldwide. The distinction before taxation for 2010 was euro 4.8 billion on revenues amounting to euro 60.5 billion. At 31 Dec 2010, a BMW Group had a workforce of approximately 95,500 employees.
Long-term meditative and obliged movement have prolonged been a substructure of a BMW Groups success. Striving for ecological and amicable sustainability along a whole value-added chain, holding full shortcoming for a products and giving an undeniable joining to preserving resources are primary objectives resolutely embedded in a corporate strategies. For these reasons, a BMW Group has been zone personality in a Dow Jones Sustainability Indices for a final 6 years.