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Views of new Jaguar XJ leak out

Here's the proof that Jaguar has finally junked decades of styling heritage with its dramatically detailed new flagship, the XJ sedan. Although there's a family resemblance to the new XF at the front and in the overall, swoopy fastback shape, Jaguar is entering new territory with the rear styling of the car. In a European context, the rear lights nod toward Italian brand Lancia, and a breakthrough feature is the wraparound, dark-colored panel on the D-pillar, which follows the outline of the sloping rear glass.

Saab funding from China likely delayed. Gets loan from North Street Capital

Saab gets funds from North Street Capital Last week we had Saab and their Chinese ‘backers’ getting in a bit of a muddle over funding. Which is what we’ve come to expect. Saab were adamant that the quote attributed to the Pangda Chairman that the Saab deal was no longer valid was a ‘misunderstanding’.

Congress scales back tax break for car buyers

A proposed tax break for new-vehicle buyers is dramatically scaled back in the final version of the economic stimulus bill. Auto dealers and their allies had sought to make interest on auto loans and the sales and excise taxes on new-vehicle purchases deductible from federal taxes. Proponents say those measures are needed to boost showroom traffic and sales.