Northumberland-based Avid Technology won six new contracts worth a total of £50 million a year with international automotive firms, including a supercar maker, a tier one supplier and OEMs, for electric and hybrid powertrain systems.

Cramlington-based AVID Technology has secured part of a £20.8m R&D project with Jaguar Land Rover and five other partners, backed by the Advanced Propulsion Centre, to develop hybrid electric vehicle electronics and componentry.

ElringKlinger (GB) invested almost GBP1.5m in a six-year project worth about GBP5m to produce two components for Ford's latest engines from 2018, creating up to 20 jobs at its Redcar plant.