The German carmaker is negotiating over a £75m grant from the Automotive Transformation Fund that would deliver guarantee production of electric Minis at Cowley, Sky News learns.
Supply chain issues such as component bottlenecks were a major factor in the decline, but the gloom enveloping the industry has been deepened by the recent collapse of Britishvolt, the fledgling electric vehicle battery manufacturer.
Nissan and Ford have both announced new investments in their UK facilities in the last year, with the latter saying in December that it would spend £150m at its Halewood plant in Liverpool to expand production of electric vehicle parts. "Additionally the Mini Convertible will be returning to Oxford from 2025 - this is one of our most important cars and a global best-seller," it said at the time.
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