Owners of British car maker Jaguar Land Rover have announced they are investing 1.5 billion a year to fund a range of new models.
The investment will create thousands of new jobs in China, India and Britain.
The jobs in Britain will be created at the Solihull plant, West Midlands and the Halewood factory in Merseyside.
Rumour has it the new production will include, a baby saloon car costing roughly £22,000. This will compete with the nations popular Audi A3.
Tata’s chief financial officer Mr CR Ramakrishnan said: ‘Over the past five to six years, Jaguar Land Rover has spent around £700million to £800million annually on capital expenditure and product development. Going forward, we will double that. Jaguar Land Rover spending will be in the order of £1.5billion each year.’
