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Famous racers dominate classic car auction

MORE THAN 100 classic cars and motorbikes will go under the hammer this weekend at one of the biggest ever auctions of its type. Silverstone Auctions will host the Race Retro sale at Stoneleigh Park in Warwickshire, where famous names like Ayrton Senna, James Hunt and Colin McRae will be scattered throughout the lots. With 42 classic cars from track or rally competition backgrounds, there’s a vast selection of fascinating and ultra-desirable metal.

New Jaguar XE OFFICIALLY launched – price from £27,000

The new Jaguar XE arrives After months of teasing, years of planning and huge sums of money spent, it’s here – the new Jaguar XE. Looking like a slightly smaller version of the XF, with an upright nose, longish bonnet, coupe-like profile and stubby tail, the XE is clearly a Jaguar – and a fairly conservative one at that – which is probably sensible when  entering such a competitive sector as the ‘Premium’ compact saloon market. But the new XE isn’t just a punt for a few sales in a new sector for Jaguar, but a car that could take Jaguar from an interesting maker of relatively low volume cars to a global ‘Premium’ car maker; nose to nose in a very competitive sector with, principally, Audi and the A4, BMW and the 3 Series and Mercedes and the C-Class.

Honda cancels V8 program, S2000 and CR-Z convertible, report says

Fun appears to be on the chopping block at Honda. Plans for the successor to the S2000 sports car, a lineup of rear-drive Acuras, a proposed V8 engine and a drop-top built off the CR-Z hybrid are all dead, according to a report in a British magazine. The reason: Honda is rethinking its product plans as it grapples with the global downturn in sales and economic conditions, Autocar is reporting.