Japanese carmaker Nissan has announced it will invest £100m in its UK plant to build the new Juke model.
The investment will secure thousands of jobs at the Sunderland factory, which produces the current Juke, Qashqai, Note and electric Leaf models.
The firm said the money gave "security to our Sunderland plant beyond 2020".
Chancellor George Osborne welcomed the "fantastic news" that was "an important sign of Britain being chosen as a global leader in car production".
The plant made 500,000 cars last year, making it the biggest car plant in the UK, according to Nissan.
According to Prof David Bailey from Aston Business School, Nissan's Sunderland plant makes more cars than the whole of the Italian car industry.
The new investment will secure 6,700 jobs at the plant and more than 27,000 in the supply chain.
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