BMW to build new electric Mini in England after UK government approves multimillion-pound investment

LONDON (AP) — BMW has announced plans to transform its Mini factory in Oxford, England, to produce nothing but electric vehicles. The German automaker said Monday that it would invest 600 million pounds ($751 million) in the project, allowing the factory to begin making two new all-electric models in 2026 before moving completely to electric vehicle production four years later. The commitment came after the U.K. government agreed to plow an undisclosed amount of taxpayer funding into the project.It will protect thousands of jobs at a site that has been making cars for more than 100 years. BMW’s plans are a vote of confidence in Britain’s auto industry, which is struggling to compete.