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Report: New-vehicle purchase price on the rise

The average purchase price of a new car is on the rise, according to a recent report from automotive analysts at truecar.com. The average transaction price for passenger cars and trucks in the United States was $31,087 last month, up $339 from March 2012. Transaction price, or the out-the-door price, includes taxes, titles and fees.

Jaguar XE is the new small Jaguar: Geneva Motor Show (video)

First photo of the Jaguar XE Jaguar has revealed this morning that its new smaller Saloon will be the Jaguar XE, and that its new range of engines will be the Ingenium. Beyond that, we don’t get a lot more than we already know. Heading for an arrival in 2015, the Jaguar XE (we always doubted the commonly accepted Jaguar XS moniker) will be the first car in its segment to have an aluminium monocoque and, say Jaguar, is set to be the most advanced and efficient sports saloon in its sector and will be the first production Jaguar using the new aluminium architecture used for the Jaguar C-X17 SUV Concept.

Spyker, Youngman agree on joint venture

Dutch supercar maker Spyker and the Chinese Youngman Group have agreed on a joint venture to build a new super sport utility vehicle and a group of sedans based on Saab's Phoenix platform. The SUV is scheduled to hit the market by the end of 2014, while no dates for the Phoenix-based sedan were announced. Youngman will invest 10 million euros in Spyker, 7 million of which will be for stock shares constituting 29.9 percent of the supercar company.