BMW has hinted that its Mini production operations maybe moved from the UK to Europe because of Brexit.
Chief executive Harald Krueger said that BMW was considering “different scenarios” to mitigate any potential economic disruption caused by the UK leaving the EU.
He said: “Our production network offers us flexibility. Much will depend on how Brexit is ultimately negotiated.”
The German car maker produces around 200,000 Minis a year at its Oxford plant and has 24,000 UK staff. Last month, BMW said it may produce battery-powered Minis outside of the UK.
Krueger warned that the car industry is experiencing “volatility, unexpected developments and political uncertainty.”
However, he said that BMW was cushioned because it has a global network of manufacturing plants and can alter production to reflect demand.