Insiders

BMW to Invest $748 Million in Electric Mini Production in UK

September 11, 2023 at 06:15 am EDT

By David Sachs

BMW Group said Monday that it will spend more than 600 million pounds ($748 million) to produce two fully electric Mini models at its U.K. plants in Oxford and Swindon.

The German car company said it will convert its Mini plant in Oxford to an all-electric site by 2030 as part of the investment. Production on two fully electric models, the Mini Cooper and the Mini Aceman, will start in 2026, BMW said.

The U.K. Department of Business and Trade said the investment will secure 4,000 jobs.

Write to David Sachs at david.sachs@wsj.com

(END) Dow Jones Newswires

09-11-23 0614ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	BMW AG	102.5 EUR	+0.54%	-2.43%	68.77B

David Sachs

Mr. David Sachs is a Chief Financial Officer at ImmunityBio, Inc. He is on the Board of Directors at Chan Soon-Shiong Institute For Medicine, Keyssa, Inc., Mox Networks LLC and PacketFabric, Inc. Mr. Sachs was previously employed as a Chief Financial Officer by NantKwest, Inc., a Chief Financial Officer by Integrity Healthcare LLC, and a Principal by Nant Capital LLC. He also served on the board at Ziosoft, Inc. He received his undergraduate degree from the University of California, Los Angeles and an MBA from Anderson School of Management.

View full profile