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Jaguar to build six brand-new E-Types

Well this is a bit of a shock: Jaguar has announced that it is to start building the E-Type again, after production ceased in 1975. So much for the new F-Type proving popular… No, Jaguar hasn’t gone mad. It’s actually building six re-creation 'Lightweight' E-Types, with the aim of selling them to wealthy historic racing enthusiasts.

Concept Car of the Week: Italdesign Machimoto (1986)

The Machimoto might look and sound like a Japanese concept, but it was developed in Europe in the Turin-based Italdesign studio, and was based on a Volkswagen Golf GTI platform. The name actually derives from MACHIna (car in Italian) and MOTOciclo (motorcycle) as the perfect hybrid between the worlds of two- and four-wheelers. Unveiled on its home turf at the Turin motor show in 1986, it landed like a UFO, shocking both the public and the press.

Higher gas prices? Blame ethanol

MarketWatch reported today that the price of ethanol has seen a 30-percent price increase so far this year, taking the price of gasoline up with it, since a good majority of "gasoline" sold today is around 10 percent ethanol. The average price of a gallon of gas today is $2.30, according to FactSet data, but this has varied since the beginning of 2014. Despite the recent surge, ethanol prices have also proved to be rather volatile with reports of it dropping 8 percent this past Thursday after falling 10 percent just the day before.