By Daniel Hunter
Car manufacturer Nissan have confirmed that they will invest £250 million in the UK, creating hundreds of jobs in doing so.
The investment will be at the Sunderland plant where the luxury Infiniti model will be produced.
"The Sunderland factory is very competitive," said Nissan's chief performance officer Colin Dodge.
The Infiniti model was penned by Nissan's design team in London and engineered at its technical centre in Bedfordshire.
Their brief was to appeal to buyers in Europe, where the marque's sales are weak.
"Sunderland will be the only place in the world to make this new premium compact car. Nissan in the UK goes from strength to strength - not only will the new car be made here and exported all over the world, the UK has already contributed to its design and development," Business Secretary Vince Cable said.
"Today's news is a strong endorsement of the quality of Britain's car industry, which is creating jobs, taking on apprentices and contributing to building a stronger economy. The auto sector is living up to being one of the great success stories of our industrial strategy and a testimony to government and private sector working together in close partnership."
Prime Minister David Cameron added: "This investment is excellent news for the North East and another vote of confidence for UK manufacturing.
"The continued success of Nissan in the UK demonstrates the strength of the car industry here, and its importance, as we rebalance and grow the economy.
"This announcement shows how the car industry in partnership with the Government continues to win important long term investment projects, in a tough competitive sector; helping the UK to get ahead in the global race."
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