A BMW board member said he was “optimistic” that a solution would be found to the problems expected when the European Union introduces tariffs on exports of British-built cars in January.
Speaking as he confirmed a £600 million investment in the group’s Oxford factory to secure the future of the Mini, Milan Nedeljkovic, BMW’s production chief, struck a positive note on the “rules of origin” tariffs.
The rules, which are due to come into force next year, specify that 45 per cent of the value of an electric vehicle being sold in the EU must come from Britain or the EU to avoid tariffs, as well as 60 per cent of the battery’s total value.
“We have decided to manufacture the new generation [of Mini
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