Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account The UK government funding is part of attempts to safeguard the jobs of 4,000 workers across the Oxford and Swindon facilities, as well as a broader effort to encourage global automakers to build EVs and their components on UK soil. It will make the new Mini Countryman at a plant in Leipzig, Germany.īMW’s stock rose 1.3% following reports of the new investment in the UK. Refinance your Guaranteed Future Value. At the end of your finance contract you will have the following options: - Trade-in your BMW. “Mini has always been aware of its history - Oxford is and remains the heart of the brand,” Stefanie Wurst, head of the Mini brand at BMW, said Monday.īMW will still build the same models at a new facility in China as part of its joint venture with Great Wall Motor ( GWLLF), and expects exports from that plant to begin in 2024. Our BMW 360 option offers you low monthly payments and a contract term from 24 months to 60 months with an Guaranteed Future Value at the end. Almost a year ago, BMW told the Times newspaper that it planned to shift all Mini production from Oxford to China for efficiency reasons. It also appears to represent a strategic rethink. The commitment by the German automaker will secure the future of Mini production in Oxford, where the original classic version of the small car was born 64 years ago. A spokesperson for the department declined to provide a specific figure, citing commercial sensitivities. Production of the three-door Mini Cooper and the Mini Aceman, a compact crossover, is due to begin at BMW’s factories in Oxford and Swindon in 2026, the company said in a statement, as the sites gear up to make only electric vehicles from the end of the decade.īMW ( BMWYY), which has owned the Mini brand since 1994, secured a “multi-million pound” investment from the UK government to support the development of the sites, the UK’s department for business and trade announced Monday. BMW announced Monday that it would invest £600 million ($750 million) in building two new electric versions of the Mini in the United Kingdom.
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