Mexican Media Brands
BMW Presses On with British Mini EV Production Plan
BMW AG plans to launch production of an all-electric Mini in the U.K. this year regardless of how Brexit plays out at the end of this month.
#hybrid #economics
Share
BMW AG plans to launch production of an all-electric Mini in the U.K. this year regardless of how Brexit plays out at the end of this month.
The company tells reporters it expects even a “hard” British exit from the European Union will disrupt its supply chains for no more than six weeks, Bloomberg News reports. The carmaker also predicts a hard Brexit will result in tariffs between the U.K. and EU rising from zero to no more than 5%.
In either or both cases, the costs wouldn’t be great enough to justify relocating production, manufacturing chief Oliver Zipse says. BMW CEO Harald Krueger has noted the company could change its mind if the impact of Brexit proves more onerous.
RELATED CONTENT
-
Electrically Improving Powertrains
The good news about downsized powertrains is that they can provide greatly improved fuel efficiency compared to larger engines. The not-so-good news for many drivers of cars with these smaller engines under the hood is that they can lack performance.
-
Rivian Gets Even More Money, Now From Ford
The electrification of automotive is serious business. This week it was announced that Ford is making a $500-million equity investment in Rivian.
-
Aluminum Sheet for EV Battery Enclosure
As the number of electric vehicles (EVs) is about to increase almost exponentially, aluminum supplier Novelis is preparing to provide customers with protective solutions