02-11-2006, 02:45 PM
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| BMW a good thing for Britain
Quote:
Many industry-watchers and dedicated MG Rover fans have never forgiven BMW for buying, then dumping, Britain's last remaining car manufacturer, but according to an independent study by Oxford Economic Forecasting, the German carmaker is good for the country.
The study claims that the BMW Group contributed £1bn directly to the UK's GDP (Gross Domestic Product) in 2004, plus a further £1bn-plus to the Exchequer and purchased £1bn-worth of raw materials, components, equipment and business services from UK firms. Its £1.7bn-worth of car, engine and other exports account for 0.9% of total UK goods exports and BMW and its dealers employ nearly 20,000 people in the UK.
A spokesman for OEF Ltd said: 'During a time when UK manufacturing has struggled, the BMW Group has made a significant contribution to the UK economy. It has invested heavily and seen large expansions in the production of the new Mini, a commitment to training rewarded with the success of its Hams Hall engine plant, and a revitalised Rolls-Royce Motor Cars operation. Taking the combined impact of BMW's activities, both directly, through its suppliers and the wider economic activity that this spending supports, we estimate that in total, BMW Group contributed over £2.5bn to UK GDP in 2004. And BMW Group supports a total of over 55,000 jobs in the UK.'
| Source: 4car.com
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