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Jaguar XJ_e plug-in hybrid debuts at Goodwood

The Jaguar Jaguar XJ_e plug-in hybrid research car with a 2.0 litre EcoBoost engine and 69kW electric motor on show at Goodwood. It’s been a bit of a Jaguar 24hrs with the news of prices for the new Xf Sportbrake and the debut of the new 3.0L Supercharged engine in the XJ for 2013. Now we get the public debut of the Jaguar XJ_e plug-in hybrid at the Goodwood Festival of Speed today featuring the 2.0 litre Ecoboost petrol engine from the Evoque and a 69kW (93bhp) electric motor.

Daimler agrees to unload remaining Chrysler stake

Daimler AG announced today that it has reached an agreement to unload its remaining 19.9 percent stake in Chrysler LLC. "Daimler's remaining 19.9 percent shareholding in Chrysler will be redeemed, and Daimler will forgive repayment of the loans extended to Chrysler, which were already written off in the 2008 financial statement," Daimler said in a prepared statement. All told, Daimler will write off $700 million as a result of the deal, according to the statement.

Australian F1 Grand Prix Qualifying: Postponed until Sunday by heavy rain

Final qualifying for the 2013 Australian Grand Prix in Melbourne has been postponed until Sunday by torrential rain and poor light. The 2013 Australian Grand Prix is the opening event for the new F1 season, but the new season is off to a difficult start after torrential rain in Melbourne has forced the postponement of qualifying until Sunday morning – just before the race itself is due to start. Race Director Charlie Whiting called time on qualifying this morning after just the first knockout round when the heavy rain – and fading light – made it too dangerous to continue the knockout session.