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 |  May 31 2010, 6:51 AM

With Tata just having announced a return to profitability based on increased demand of its Jaguar Land Rover models, the company is now laying out an ambitious plan for the future. Included in that plan is the production of the Jaguar F-Type – a more driver focused model that will likely compete more readily with the Porsche 911.

The announcement is part of a plan by Tata to invest £1 billion in JLR each year for the next five years. Not only will the cash infusion go towards model development, but also towards innovative technology.

Back in 1998 Jaguar showed an F-Type concept, called the XK180, but it has since been delayed several times due to instability at the company and then a shaky market. Shown above, a future F-Type is unlikely to look anything like this concept, with Jaguar having made a significant style change with models like the XF and new XJ.

In addition to the F-Type, AutoExpress also reports that JLR will add three other models including a new Land Rover, a proper BMW 3 Series rival and even a “executive estate” – likely along the lines of the 5 Series GT and Audi A7.

[Source: AutoExpress]