Jaguar Land Rover: China approves joint venture
Jaguar Land Rover is to make vehicles in China for the first time after Beijing approved a £1bn joint venture.
The West Midlands-based luxury carmaker has agreed a deal with Chery Automobile and will build a plant near Shanghai, which is due to open in 2015.
JLR said any cars produced would be in addition to its existing output, and it had no intention of moving its manufacturing base out of Britain.
The BBC's Theo Leggett said that the deal was "very good news" for Jaguar Land Rover.