BMW Says Currently No Decision on Mini Manufacturing Required Post Brexit

BMW board member Oliver Zipse stated there is no requirement to choose yet whether the Brexit vote is a factor to move production of its Mini brand name far from Oxford to other areas in Europe.

Britain’s vote in June to leave the European Union has actually raised doubts on whether it can keep tariff-free access to the European common market, triggering different automakers with factories in the UK to evaluate their production strategies.

BMW Group, which produces the Mini in the Netherlands, Austria and the UK, is not presently under pressure to make any modifications or decide about more financial investments in its assembly line in Oxford, Zipse stated.

“The Mini has actually been released not too long ago, now is not the time to make this choice,” Zipse, BMW Group’s board member responsible for production, informed Reuters on the sidelines of an event took place in Landshut, Germany.

“When the time comes when we need to do the next larger financial investment, we will need to take a look at the circumstance,” Zipse stated.

Asked whether BMW might move more production of the Mini to the Netherlands, Zipse stated, “We have possibilities, however presently we do not need to.”

Previously on Thursday, Reuters informed that Japanese automaker Nissan will continue to develop 2 brand-new designs at Britain’s biggest cars and truck plant, regardless of the vote to give up the EU.