Milan Nedeljkovic, member of the board of management of BMW AG, speaks at the MINI plant at Cowley in Oxford, England, Monday, Sept. 11, 2023. German automaker BMW is set to announce plans to build the next generation electric Mini in Britain after securing U.K. government support for a multimillion-pound investment in the company’s Oxford factory. The government on Monday confirmed its backing for the project, which will protect 4,000 jobs.
BMW's plans are a vote of confidence in Britain’s beleaguered auto industry, which is struggling to compete amid an industrywide shift to electric vehicles and the challenges created by the U.K.’s exit from the European Union’s single market. One of the biggest hurdles facing Britain's auto industry is building factories to make the batteries needed to power the next generation of electric vehicles.
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