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Fiat to spend big, dump the Punto & revive flagging fortunes by going upmarket

Fiat Punto to be axed as Fiat moves upmarket Fiat are having a very rocky ride as the Italian economy lurchges from one crisis to another. But Sergio Marchionne has a plan to put Fiat back on track. Spending of €9 billion over the next three years is planned to revive production in Italy, rationalise the Fiat range and continue to push upmarket with Maserati and Alfa Romeo.

Jaguar XFR-S Sportbrake OFFICIALLY revealed. Price from £82,495

The Jaguar XFR-S Sportbrake (pictured) has now been officially revealed The new Jaguar XFR-S Sportbrake made an early appearance yesterday after the first photo leaked out, but this morning Jaguar has done the decent think and made it official. The XFR-S Sportbrake is a car we all hoped Jaguar would put at the top of their Sportbrake range, but it will have taken two full years since the debut of the XF Sportbrake to add a model with the supercharged V8. But rather than making a straightforward XFR Sportbrake, Jaguar has gone the whole hog – just as it did with the F-Type R Coupe - and skipped the 504bhp version of the Supercharged V8 and jumped straight to the full-fat XFR-S with 542bhp.

Happy Anniversary: delivery-mileage Lamborghini Countach for sale

Just when you think you've seen it all, along comes a delivery mileage Lamborghini Countach that has been sat 'resting' in a storage facility since April 1990. And although it would be rather amusing to report the supercar had been discovered during an episode of Storage Wars, the reality is a little different. The Countach is the car that graced the bedroom walls of countless young boys in the 1980s, condemning the Ferrari poster to the waste paper bin.