Jaguar Land Rover has confirmed plans to build its LRX concept car after the UK government confirmed a grant offer of up to £27 million.
Jaguar Land Rover is to invest a further £400 million in the LRX production scheme.
The newcomer will be built at the Halewood factory, giving a much needed boost to British industry and potentially securing thousands of jobs in the midlands.
Sales of the production LRX is expected to kick off in 2011. Land Rover has also confirmed that the new car would be a key addition to the Range Rover family of luxury vehicles.
According to insiders the production version of the LRX will be a five-door model with a higher roofline than the sleek concept.
Land Rover claims that the new vehicle will be the smallest, lightest and most efficient Range Rover yet.