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Are JLR about to announce the new small Jaguar?

Jaguar has reached agreement with unions at Castle Bromwich to increase productivity and look set to announce a new Jaguar. Back in May we reported that Jaguar had failed to reach agreement with Unions at castle Bromwich over working practices aimed to increase production, but today agreement has been reached and we’re expecting an announcement shortly from JLR. We know that the new working practices – which involved compulsory Saturday shifts – were vital to Jaguar to get the new F-Type out of the door when it launches in 2013, but this morning both BBC and ITV are reporting that Jaguar are about to announce the production of two new models at Castle Bromwich.

New Porsche SUV could be called Cajun

Volkswagen AG CEO Martin Winterkorn said a new Porsche small SUV will be brought to market soon as part of plans to expand the sports car brand's lineup to boost sales. Winterkorn said Porsche will get "a new SUV, a smaller brother to the Cayenne which might be named Cajun." He was speaking in an interview with German magazine Der Spiegel that was published Monday. Volkswagen is taking over Porsche Automobil Holding SE's carmaking operations as the companies build on a partnership that includes sharing vehicle platforms.

Bondholders snub GM, bankruptcy filing likely

Nowhere near enough General Motors bondholders agreed to exchange their debt for stock before a midnight Tuesday deadline, making a bankruptcy filing by the automaker highly likely. GM had set a threshold of 90 percent of the $27 billion in bond debt it wanted to exchange for 10 percent of the stock in a reorganized company for the deal to take place. In a statement Wednesday, GM said the amount of notes tendered was substantially less than the 90 percent target.