Skip to content
Search AI Powered

Latest Stories

BMW to Move UK Mini Plant Maintenance Closure Just After Brexit in Case of No Deal

German carmaker BMW said it will move the annual maintenance shutdown period for its British Mini plant to just after Britain is due to leave the European Union in April, in case there is no Brexit deal.

Carmakers generally close their factories over the summer for a few weeks to allow for retooling and repair work as many staff take vacations and sales are at their lowest ebb in the year.


"We have scheduled next year’s annual maintenance period at MINI Plant Oxford to start on April 1, when the UK exits the EU, to minimise the risk of any possible short-term parts-supply disruption in the event of a no-deal Brexit," BMW said.

"While we believe this worst-case scenario is an unlikely outcome, we have to plan for it."

Britain is due to the leave the EU on March 29 but London and Brussels have yet to agree the terms of a deal, with prime minister Theresa May battling to have her proposals accepted by many Brexiteers who want a cleaner break from the bloc.

BMW built nearly 220,000 cars at its southern English Oxford plant last year, accounting for 13 per cent of Britain's total car production of 1.67 million units.

But carmakers are worried that Brexit may impose customs checks on parts and finished models, adding costly delays to the manufacturing process.

The automotive sector, which employs more than 850,000 people in Britain, has warned that extra costs risk the viability of production sites.

Britain's biggest carmaker Jaguar Land Rover said on Monday (17) that it would go down to a three-day week at its Castle Bromwich plant from October until the beginning of December, after warning about the impact of Brexit and diesel policy.

BMW said it was sticking by its British production sites, which also include a Rolls-Royce car facility, an engine facility and a fourth site which houses a press shop and sub-assembly.

"We remain committed to our operations in Britain, which is the only country in the world where we manufacture for all three of our automotive brands," BMW said.

Reuters

More For You

Tesla-Getty

Tesla has faced challenges in 2024, reporting its first annual decline in deliveries as incentives failed to increase demand for its ageing vehicle lineup. (Photo: Getty Images)

Tesla received nearly £200m in UK government grants since 2016: Report

ELON MUSK’s electric vehicle company Tesla has received £191 million in grants from the UK government since 2016, according to an analysis by Tussell.

The majority of the funding, £188m, was provided by the Department for Transport (DfT) through the plug-in car grant scheme, which aimed to promote the adoption of electric and plug-in hybrid vehicles, The Guardian reported.

Keep ReadingShow less
After revolutionising trucking,
Zeus now targets global growth

Jai Kanwar

After revolutionising trucking, Zeus now targets global growth

FROM two friends meeting in a boarding school in the UK, to being named in the Forbes 30 Under 30 list, Jai Kanwar and Clemente Theotokis have had a meteoric rise in the logistics sector.

When they created Zeus Labs (Zeus) in 2019, their plan was to modernise one of the most traditional sectors of the global economy – transport and logistics.

Keep ReadingShow less
CES-2025

CES 2025, organised by the Consumer Technology Association (CTA), will be held from 7 to 10 January.

Indian tech innovations to shine at CES 2025, says top executive

THE INDIAN technology sector continues to capture attention, with several startups and entrepreneurs showcasing their innovations at CES 2025, the world's largest tech event.

John Kelley, vice president and show director of CES, described the Indian tech story as “fascinating” and highlighted its growing global significance.

Keep ReadingShow less
Anil Agarwal acquires London's historic Riverside Studios

Anil Agarwal

Anil Agarwal acquires London's historic Riverside Studios

THE founder and chairman of Vedanta group Anil Agarwal is the new owner of the iconic Riverside Studio in London, a statement said on Wednesday (8).

The 100-year-old studio, which is a renowned global centre for arts and located on the north bank of the river Thames in the centre of London, will now operate under the name ‘Anil Agarwal Riverside Studios Trust’, it informed.

Keep ReadingShow less
india-gdp-iStock

India's GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24. )Representational image: iStock)

India's GDP growth projected to fall to 6.4 per cent in FY25

INDIA's gross domestic product (GDP) growth is projected to decline to 6.4 per cent in the financial year 2024-25, marking its lowest rate in four years, according to government data released on Tuesday. The slowdown is attributed to weaker performance in the manufacturing and services sectors.

The growth rate of 6.4 per cent, estimated by the national statistics office (NSO), is the lowest since the contraction of 5.8 per cent recorded during the Covid-19 pandemic in 2020-21. GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24.

Keep ReadingShow less