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BMW Plans to Invest 500 Million Pounds for Mini Assembly

Bayerische Motoren Werke AG, the world’s largest maker of luxury vehicles, plans to invest 500 million pounds ($821 million) in the next three years, as it prepares U.K. factories for new Mini models.

Most of the spending will be at the Mini plant in Oxford, and the plans will take the automaker’s total investment in U.K. operations to more than 1.5 billion pounds since 2000, the Munich-based company said today in a statement.