To most MotoringFile readers, this will be old news. However a frequent MF contributor just sent in the following story from Autoindustry.co.uk. This particular article is worth a read if only for the comments of BMW Group Chairman Dr. Panke. Here’s an excerpt:
Dr Helmut Panke, BMW chairman, told the company’s shareholders at their AGM yesterday, “Given the great success of the MINI brand, we will be expanding the Oxford plant and will be making an additional investment at the plant of more than 100 million Pounds up to the year 2007”.
“Most of these resources will go into the further optimization of production capacities, in particular a new body construction building as well as the modernization of the paintshop.”
Dr. Panke continued:
…The fact is, however, that today we are selling twice as many MINIs as we originally assumed. And precisely that makes it essential to provide new capacities through our capital expenditure in Oxford. At the same time we are setting the foundation for the ongoing enhancement of flexibility in production for various models within the MINI family.”
Nice to hear that summed up by the man at the top.
[ BMW commits over 100m Pounds to Oxford MINI plant ] Autoindustry.co.uk