The boss of a Chinese firm which has just taken over a UK car parts factory has told ITV News he will be creating more jobs in a rapid expansion.You Xiaoming is managing director of Shangdong Yongtai - a huge Chinese tyre and car parts firm described as the Michelin of China.
Today it is announcing a £30 million takeover of Coventry firm, Covpress, which presses car body panels and parts for, among others, Jaguar Land Rover. It's a joint venture with TIA Treadsetters, based in Telford in Shropshire.
Shangdong Yongtai has sales of £2.7 billion. This is one of the largest investments by the Chinese into the Midlands since the takeover of MG UK.
More top news
A mainly cloudy day though there will be a few brighter spells from time to time. There is also a risk of some patchy rain.
Rather cloudy with some rain likely at times. Feeling cooler.
A couple got married in a hospital ward after the groom was given weeks to live.