--BMW AG plans to invest in its Cowley plant in Oxford to secure future production of its Mini car models, Sky News reports, citing unnamed sources.

--The German car maker's investment package is worth close to GBP500 million, with rougly GBP75 million coming from the British government's Automotive Transformation Fund, according to the news outlet.

--The structure of the investment as well as details on job creation and retention at the BMW's plant are unclear, Sky News reports.

 

Full story: https://bit.ly/3YAz8b8

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

March 08, 2023 07:59 ET (12:59 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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