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Renault Formula E racer (2013) at Frankfurt motor show

Formula E, the new elite racing series for electric single-seaters, has got the FIA’s backing, confirmed the major cities that will host the races, and now we've finally seen the crucial racecar. This is the Spark-Renault SRT_01E, a joint project developed between Renaultsport and Spark Racing Technology (SRT) which has just been unveiled at the 2013 Frankfurt motor show. There’s also been input from F1 legends Williams and McLaren, plus Dallara (which builds all the cars for the IndyCar series in the US).

‘Old Pang’ spends another €15 million at Saab

Pang Qing Hua - Pang Da boss - thinks Saab are 'Great, great, great'! The ‘Old Pang’ bit isn’t our derogatory name for the head of China’s Pang Da – who are busy getting in to bed with Saab – but is how the Beijing Times referred to Pang Da boss Pang Qing Hua on his return from Saab;  ’Old Pang Returns from Sweden’, they said. We have no idea how old Pang Qing Hua is, but he’s old enough to have amassed a few bob from owning a huge car distribution network in China, and is flush with cash from a recent floating.

Jaguar signs up Lana Del Rey to make the F-Type cool

Jaguar has revealed it has signed up singer songwriter Lana Del Rey to help promote the new F-Type sports car. Land Rover chose to use Mrs Beckham to promote the Range Rover Evoque, and went as far as allowing her input in a limited edition Evoque Beckham, a move that probably generated more column inches of PR for Land Rover than any amount of money could buy. So Jaguar are going a similar way with the F-Type, but instead of signing a Spice Girl they’ve had the sense to look at what is new and cool, and they’ve very sensibly decided the face of the F-Type is going to be singer songwriter Lana Del Rey.