Friday, June 10, 2011

BMW to invest 500 million pounds in UK on new Mini

Germany’s famous brand BMW issued a press release that it will invest 500 million pounds in UK over the next 3 years, mostly on facilities to build next-generation Minis, but stopped short of promising new jobs or increased production. The UK govt is pinning its hopes on manufacturing and exports to help recover from the banking crisis but announcements by carmakers this week have so far been more about maintaining the status quo than increasing output or new plants.