Three global vehicle manufacturers highlight commitment to UK in six day investment spree.
Honda, Jaguar Land Rover and London Taxi Company each commit to nine-figure investments.
UK car production up by 50% since 2009 to more than 1.5 million units in 2014.
The London Taxi Company announced that it will invest £250m to build a state of the art new research, assembly and development facility, for its next generation of ultra low emission taxis.
Jaguar Land Rover confirmed this week that it has committed £600m to its advanced vehicle manufacturing facilities in the West Midlands.
Business Secretary Vince Cable announced £80m for four new projects that will develop and manufacture new low emission innovations in the UK.
Find out who has joined the premier automotive trade association and what they get from membership. New members – March 2015
New research commissioned by SMMT has found the development of connected and autonomous vehicles will help generate 320,000 jobs in the UK, delivering huge benefits to society and the economy. In the first ever comprehensive analysis of the UK opportunities provided by this new technology, KPMG has found that these new vehicles will deliver a £51 billion boost to the UK economy and reduce serious road traffic accidents by more than 25,000 a year by 2030.
UK engine manufacturers produce 207,773 units in February, 414,459 so far this year.
Exports stable in February, while home market still strong year-to-date.
Sector outlook is positive as major investments set to come to fruition in coming year.
UK commercial vehicle manufacturing up 33.7% in February to 8,344 units.
Production increases 6.5% in first two months of 2015, with 13,787 CVs manufactured.
Demand from domestic market drives sector performance, buoyed by strong exports.
More than 250,000 UK cars built in first two months of 2015, nearly 130,000 in February.
Number of cars produced for the domestic market up 21.1% to 33,813 units.
Market positive with UK manufacturers poised to see return on billions of pounds worth of investment.
UK automotive industry trade body The Society of Motor Manufacturers and Traders (SMMT) is set to bring together automotive industry experts and government ministers for the first time to debate the future of the connected car.