BMW invests more in Oxford Minis:
German automotive company BMW has announced that it will invest another £200m in the UK as its latest Mini model begins production in Oxford. The company wants to increase production of the car from 200,000 to 240,000 a year, and is investing more than £100m to expand its plant in Cowley, Oxford. A further £60m will be invested in assembly technologies in Swindon. The investment will create 450 new jobs in the UK. Headquartered in Munich, BMW is one of Europe’s largest carmakers. The company’s operations also include motorcycles and software.
Two Autoliv plants in Turkey:
Autoliv, a Swedish manufacturer of automotive safety systems, is expanding its operations in Turkey through two new manufacturing facilities. One, in Gebze, will have the potential to produce one million steering wheels a year. The other will provide 2400 square metres of production area on the same site for the assembly of rewinding spring cassettes for seatbelt retractors.
UK-South African joint venture goes ahead:
UK-based Brookhouse Holdings, a composites manufacture and assembly company, and South African Aerosud, a supplier of metal parts and assemblies for the aerospace industry, plan to establish a joint venture in South Africa. The proposed company is expected to enhance composites engineering significantly in the aerospace sector in South Africa and provide Brookhouse with an additional manufacturing resource for its global operations.
Nissan plans expansion in Tennessee:
Japanese-owned automotive manufacturer Nissan North America has announced plans to invest $35m to add a cylinder block casting production line at its Decherd engine plant in Tennessee. Production of the castings, which hold engine components together, is expected to begin in early 2008 and bring 50 new jobs to the plant, located about 50 miles north-west of Chattanooga.