Wednesday, 31 July 2013

BMW Takes Stake In British Electric Car Firm

The German car manufacturer BMW is to buy a stake in the British company which produces and installs half of the UK's charging points for electric cars.

Sky News can reveal that BMW, which manufactures some of the world's most popular luxury cars, is to buy a small shareholding in Chargemaster.

The deal, which is expected to be announced on Thursday, will underline the potential importance of electric cars to the future of BMW, which plans to launch its first model - the i3 - next week.

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