By Daniel Hunter
The owner of London Taxi Company (LTC), which makes the iconic black cab, has announced plans for a new £250 million manufacturing plant in Coventry, creating 1,000 jobs.
Chinese manufacturer Geely, which owns LTC, said the plant would build the next generation of electric and low emission black cabs, as well as undertaking research & development projects.
Work at the Ansty Park site is expected to start in 2017.
Backed by the government's Regional Growth Fund, it is thought to be the largest investment of its type by a Chinese company in the UK.
LTC currently makes around 2,000 vehicles a year. But production is expected to rise to around 36,000.
Peter Johansen, Executive Vice President for the LTC's UK operation, said the current plant at Holyhead Road in Coventry was "past its sell by date".
"It's raining today and it's probably raining in the factory," he said.
"You need to have modern premises these days to build modern vehicles.
"We're going to embrace modern technologies, lightweight structures, very much drawn from the aircraft industry."