Dutch supercar company Spyker NV will receive millions of euros in investment from a Chinese car manufacturer to develop three separate car markets including a luxury SUV first launched as a concept in 2006.
Planners at Torbay Council gave a green light to a project to build a new medical manufacturing facility that could create 70 jobs in Paignton, South Devon.
A key automotive supplier has announced a £12m investment into its UK facilities.
After its purchase of Norwegian Seals earlier this week, industrial belting firm Fenner is to buy specialist hose manufacturer Mandals and Florida-based American Industrial Plastics.
A flurry of new contacts were announced at the London 2012 Business Summit yesterday, including a £60m pledge from BP to finance an International Centre for Advanced Materials (BP-ICAM).
In a bid to renew enthusiasm for its brand, JLR consulted union representatives over compulsory weekend working hours and a £200m investment at the plant in Castle Bromwich, and is now set to invest.
German carmaker BMW will invest £250m in its UK factories over the next three years, in order to boost the production of the Mini at plants in Swindon, Birmingham and Oxford.