BMW invests $386 million in UK to increase Mini production July 9, 2012 - 14:24 AMT PanARMENIAN.Net - BMW is to invest £250m ($386m) in its UK factories over the next three years, the company has announced, according to BBC News. The money will be used to increase production of the Mini at its factories in Oxford, Birmingham and Swindon. It comes on top of a £500m investment which was announced by BMW last June. More than 5000 British workers are involved in the production of the Mini. "Over the last decade, Mini has become a unique global success and the BMW Group has even greater plans for the future development of the brand," said BMW board member Harald Krueger in a statement. BMW said the investment would help its "international growth strategy" for the Mini as it introduced new models to the market. In January it launched the Mini Roadster, a convertible version of the Mini Coupe, the first two-seater Mini model. Both new cars are assembled at the main plant at Cowley, Oxford, which has produced more than two million Mini models since 2001.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year  German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year.Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan.Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan.Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |
