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In February 2013, Think Ford was founded. Originally part of Inchcape, the Farnborough, Guildford, Wokingham and Bracknell Ford Centres were acquired by Group 1 Automotive and became part of the Barons Group, and the Think Ford name was born. [3] In December 2014 Elms BMW and MINI were acquired to join the UK Barons Group network. [4]
Soon thereafter, the automotive industry was hit by a recession, leading to the closure of dealerships, and job cuts in both the United Kingdom and United States. [13] [14] In April 2019, shares in the company fell 13%, after it posted their £2.8 million first quarter loss, substantially below the £6 million profit predicted by analysts. [15]
In that year around 168,000 people were directly employed in automotive manufacturing in the UK, with a further 823,000 people employed in automotive supply, retail and servicing. [2] Ariel Atom, produced from 2000 - Present. The UK is a major centre for engine manufacturing, and in 2018 around 2.71 million engines were produced in the country. [1]
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The BMW Bank GmbH is a finance service and a company of the BMW Group. The company known under BMW Group Financial Services was founded in 1971 in Munich, Germany. [2] In 1973, the BMW Leasing GmbH was added – also situated in Munich. The fabricated products are BMW, MINI and Rolls-Royce Motor Cars. Worldwide BMW Group Financial Services are ...
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