BMW is to invest £250m in its UK Mini factories, including those in Swindon and Oxford, over the next three years.
The announcement was made during a visit by Business Secretary Vince Cable to the Oxford plant, on the day when the Olympic Torch Relay will also pass.
The announcement comes on top of a £500m investment promise in June last year.
BMW said the investment showed its commitment to Britain "as a vital manufacturing base".
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A dull and damp start but it will become drier and brighter from the north this afternoon but stay cold and windy.
A damp and cold night ahead. Valentine's Day will start cloudy but become brighter in the afternoon. Risk of showers along the Kent coast.
Cold and damp tonight with outbreaks of rain. A cold and dull start to Valentine's Day but becoming drier and brighter by the afternoon.