MONDAY, 23 SEP 2019

 

CONNECT

Facebook Linked In Twitter
Cyprus_Funds_Summit_29/08-12/11_728x90px
GloriaJeans_266x90px
IMH LTD

Nikos Christodoulides: The Eastern Mediterranean Needs a Regional Organisation

Anastasiades and Greek PM Mitsotakis to Meet in New York

IMH LTD
GAP_Group_2019_468x60px

INTERNATIONAL

brought to you by CIPA

Electric Mini Production to Boost UK Car Industry

Electric Mini Production to Boost UK Car Industry

BMW has given a boost to the UK car industry by confirming that the production of its new electric Mini will start in Cowley in November.

Deliveries of the brand's first fully electric car will start in March 2020.

Earlier this year, a BMW board member said the company would have to consider moving car production out of the UK if there was a no-deal Brexit.

But David George, head of Mini UK, told the BBC the UK was firmly in the company's plans going forward.

"It is too early to say what the impact of Brexit will be," he told the BBC. "But as a business, we have committed and invested heavily over recent years in our production facilities in the UK, so we remain committed to UK production.

"The team here at Plant Oxford are incredibly proud that it's been chosen to be the plant to launch the first all-electric Mini."

When asked if that meant the company would still be producing cars in the country in 10 years' time, he said: "It is impossible to see that far ahead.

"However, the UK is an important part of our capacity requirements for the future."

The new bit of the electric Mini - the drivetrain - will be produced in Dingolfing in Bavaria, before being brought to Cowley to be added into the car.

"We source components for the cars in multiple places," George added. "We do our body pressings in Swindon, so we make the best of what we can from across different manufacturers. But we're delighted to be producing the car here in Oxford."

The news comes after announcements this year about Ford proposing to close its plant in Bridgend and Honda revealing plans to shut its plant in Swindon, with the loss of about 3,500 jobs. BMW originally announced that Cowley would be the production base for the car in the summer of 2017.

Earlier that year, though, its chief executive had warned that the company needed to remain "flexible" about its production facilities because of Brexit uncertainty.

The state-of-the art automated Cowley plant has more than 1,000 robots on the assembly line and produces a car about once a minute.

MORE ON INTERNATIONAL

Thomas Cook Races to Secure More Rescue Funds

Thomas Cook could fall into administration this weekend unless the travel company finds ...

Huawei About to Unveil Mate 30, Its First Flagship Phone Without Google Services

Huawei is about to find out just how important the Google ecosystem is to its global ...

Facebook Unveils Its Plan for Oversight Board

Facebook has unveiled its plan to create an independent "oversight" board to ...

FROM AROUND GOLDNEWS

   

Anastasiades and Greek PM Mitsotakis to Meet in New York

President of the Republic of Cyprus Nicos Anastasiades will meet with Greece’s Prime Minister Kyriakos Mitsotakis in New York on the sidelines of the UN ...
   

Thomas Cook Races to Secure More Rescue Funds

Thomas Cook could fall into administration this weekend unless the travel company finds £200m in extra funds needed to secure its future, the BBC reports. ...
   

Pwc: East Asian and Northern European Countries are World Leaders on Idea Creation and Intensity

According to PwC’s Global Economy Watch, South Korea has been named the world’s most idea-intensive nation based on the number of patents granted ...
   

Four new Partners at Harris Kyriakides LLC

Harris Kyriakides LLC announces four new partners in the company. As of the 1st of September 2019 the new partners are Andreas Anagnostou, Myria Loizou, ...
   

Firms Make Green Energy Vows as Calls for Action Grow

Some of the world's largest firms including Amazon and Google have committed to big-spending green energy plans as calls for climate action increase, the ...
   

Ambiguities and Concerns in the Implementation of the Informative Brochure and Explanatory Circular for Benefits in Kind

In line with an international trend that has been gaining ground over recent years, many Cypriot companies are now offering a wide range of Benefits in ...
   

Nikos Christodoulides: The Eastern Mediterranean Needs a Regional Organisation

The Eastern Mediterranean is the only region in the world without a regional organization and this is something that we have to work on, Cyprus Foreign ...
   

Looking into the Next Decade: The World in 2020-2030

IMH and IN Business are organising the 10th Limassol Economic Forum on Friday, 18 October 2019 at the Parklane Resort & Spa in Limassol. Since 2010, the ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Limassol_Economic_19/06-18/10_300x250px
Pension_Funds_11/09-05/12_300x250px

IMH LTD