Upmarket carmaker Jaguar Land Rover, owned by India's Tata Motors, announced on Thursday that it plans to build its new Jaguar F-Type sports car in Britain.
The two-seater convertible that is the long-awaited successor to the iconic Jaguar E-Type will be built at JLR's Castle Bromwich plant in Birmingham, central England, ahead of its sales launch in the middle of 2013.
JLR had revealed the model's name earlier this week at the 2012 New York International Auto Show. The F-Type will be based on the company's C-X16 concept that had been revealed at last year's Frankfurt auto show.
Production of the E-Type ended in 1975.
Jaguar's Vehicle Line Director Ian Hoban said in a statement: "The engineering development of the F-type has focused on delivering a heightened level of dynamic driving reward.
"We are excited about our progress to date and are looking forward to soon being able to demonstrate what we have achieved."
Britain's Business Secretary Vince Cable added: "I am delighted that Jaguar's innovative new sports car will be made by the highly skilled workforce at Castle Bromwich ... This news is further evidence of the company's growth and strength of the brand which remains a key part of the UK's positive automotive story."