BMW presents electric Mini in UK amid Brexit worries

Tuesday, 09. July 2019 14:02

Brexit developments "represent a bad progression," production chief of BMW Oliver Zipse said in Oxford on Tuesday as the company revealed its new electric Mini. The BMW investment in Oxford is set to safeguard 5,000 jobs at the factory.

The car will be produced at BMW's Oxford factory and first deliveries are set to take place early next year, the company said. The Mini will cost £24,400 after the UK government's grant on electric vehicles is applied. Zipse, who previously ran the Oxford plant and is seen as a big supporter of shifting to electric vehicle production at BMW, said: "The Mini Electric will kick off our new model offensive for fully electric vehicles."

CEO Harald Krueger announced last week that he will step down once his contract expires in 2020. Zipse is seen as the top contender for the job and could be named as the next CEO as early as July 18.

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