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Bankruptcy looms for cash-starved Saab

The future is growing dim for Saab. Reports from Europe say the Swedish courts might soon declare Saab bankrupt--possibly as soon as Wednesday--because the company is out of cash. Saab recently won court protection from its creditors while it waited for funds.

$5 billion competition on to replace Humvee

Competition is heating up to win a contract for a vehicle that will replace nearly 18,500 aging military Humvees for the U.S. Army and Marine Corps starting in 2015. Six proposals are in play, with little time left before federal contracting officials decide on development of the $5 billion-plus program.

New Jaguar XJR will see the end of the XJ SuperSport

The launch of the new 2013 Jaguar XJR at the New York Auto Show this week heralds the end of the line for Jaguar’s other Supercharged V8 XJ – the SuperSport. With a much more fulsome 542bhp, some very ‘Jaguar’ go-faster bits, some proper fettling to make the steering, gearbox and suspension focus more on the drive without making a mess of the ride and altogether more dynamism in prospect than the SuperSport, we’d assumed Jaguar were making the XJR the performance pinnacle of the XJ range and leaving the SuperSport in place as the ‘luxury’ alternative. With that thought in mind we’d expected to see Jaguar push the price of the new XJR up towards the XJ Ultimate (which costs £121,000), so count us gobsmacked when Jaguar revealed the new XJR will cost from £92,335 – just £500 more than the SuperSport.