BMW has announced a plan to invest £500m in UK car production over the next three years.
The money will help fund the production of the next generation Mini in the UK, safeguarding more than 5,000 jobs.
BMW's investment plan is the second major boost to the UK's motor manufacturing industry this week.
Its announcement came the day after Nissan said it would invest £192m and safeguard 6,000 jobs by building its next generation Qashqai here.
BMW's main facilities are its vehicle assembly plant in Oxford, the pressings plant in Swindon and the company's engine plant at Hams Hall near Birmingham.
The motor industry produces the country's most valuable manufactured exports, with £27bn worth of vehicles and parts going overseas in 2010.