Background colour

PREVIEW

ID: 54551342 Video

Headline: UNCAPTIONED: BMW Delays Electric Mini Production at Oxford Plant Amid Market Uncertainty

Caption:

BMW Delays Electric Mini Production at Oxford Plant Amid Market Uncertainty. BMW has delayed plans to produce two new electric Mini models at its Oxford plant, citing commercial reasons and market uncertainties. The £600 million investment aimed to shift some production from China to the UK but slower-than-expected electric vehicle sales in key markets have put the expansion on holdBusiness and Trade Minister Sarah Jones stressed the delay isn’t a cancellation and that BMW remains committed to UK investment. However, Conservative MP Greg Smith criticized the decision, blaming the government’s strict Net Zero policies for deterring major investments. BMW says it’s reviewing the timing for restarting electric production.
Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT

Keywords: BMW,Mini,car,electric,vehicle,delayed,relocation,China,Oxford,plant,United Kingdom,home,production,restarting,Net Zero policies,to blame,market uncertainties,commercial,reasons

PersonInImage: