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".
More top news
Simon has Saturday's forecast for the east of the region
Simon has Saturday's forecast for the west of the region
Friday night's forecast for the east of the region