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Jaguar confirms small saloon – and gets the thumbs up from Number 10

Jaguar will launch a small saloon beneath the XF in 2015, the company confirmed on the eve of the Frankfurt motor show. The baby Jag (seen testing as a disguised evaluation mule in our spy shots gallery) will be constructed from aluminium and built in the West  Midlands, creating around 1700 jobs. The news prompted a call to Jaguar from the office of Prime Minister David Cameron, offering Number 10's congratulations and support with the company's product expansion.

Ferrari posts record sales despite economic uncertainty

Global economic waters are far from calm, but Ferrari has managed to steer clear of the turmoil. The Italian automaker has released sales figures for the first six months of 2012, and they’re impressive by any measure. Revenues for the first half of the year are up nearly 12 percent, and net profits have risen 10 percent to over $130 million.

BMW adds 3-series GT to 2014 lineup

The BMW 3-series family is growing, as the German automaker adds a GT, or Gran Turismo, model to its lineup. The car launches this summer as a 2014 model after a reveal at the Geneva motor show. The 3-series GT is 7.9 inches longer, has a 4.3-inch longer wheelbase and is 3.2 inches taller than the existing 3-series wagon.