More than three million cars have been built in Oxford since it opened.
The German-headquartered manufacturer’s investment is to transform its existing plant and will secure 4,000 high-quality jobs, according to ministers.
Rishi Sunak said the Government was securing jobs and growing the economy ‘by backing our car manufacturing industry’. The announcement is the latest boost for the British car industry, with figures last month suggesting production increased by almost a third last month compared to a year ago. Last week electric vehicle production also began at the Stellantis’s factory in Ellesmere Port after an £100 million investment, following doubts due to post-Brexit trading arrangements.
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