Japanese auto giant Nissan is expected to announce a huge investment in its UK factory in Sunderland to boost the production of green cars.
Nissan plans to launch electric cars in the US and Japan from next year.
Nissan's current move would secure as many as 4,000 jobs.
Business secretary Lord Mandelson, who plans a "green revolution", is expected to visit firm's plant and enlighten workers regarding plans to create a low-carbon economic area via electric cars.
Lord Mandelson is also expected to reveal plans about a research and development centre and technology park for automakers.
The government claims to generate 1.2 million green jobs by the end of 2020.
The European Investment Bank would provide financial support to the industry via government grants.
However, it should be noted here that earlier in 2009, £2.3bn were kept aside by the govt. to support the struggling auto industry, but the sick car industry has not received a penny yet.
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