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Peugeot RCZ R with 260bhp to debut at Goodwood FoS

The Peugeot RCZ R (concept pictured) will debut in July at Goodwood We saw the first glimpse of the Peugeot RCZ R at the Paris Motor Show when Peugeot revealed the RCZ R as a concept at the same time as it revealed a facelift for the RCZ range. At the time we said we expected the RFCZ R to turn from concept to reality by the end of 2013, and today Peugeot has revealed that the RCZ R will make its debut at the Goodwood Festival of Speed in July before going on sale. The production RCZ R gets a tweaked version of the 1.6 litre turbo found in other RCZs (and other PSA/BMW cars) with 265bhp and the same range of styling tweaks the regular RCZ facelift got last year.

Jaguar slashes prices – in Australia

Jaguar has slashed prices across its range in Australia – by as much as £40,000 – as it fights for a bigger market share. But there’s also a feeling that all those years of protectionist import tariffs have inured Australians to the high price of luxury cars, and that car makers take advantage of that by keeping prices high, regardless of the level of taxes imposed on their products. That means something like a Rolls Royce Phantom costs £650k and a Porsche 911 starts at £150k.

News watch Sept 2010: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 29 September 2010• Porsche today posted record turnover, off the back of rising sales. It announced an 18% leap in annual turnover to €7.8 billion while sales rose 9% to 81,500 vehicles, up from 75,238 the previous year.