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Jaguar F-type is go! C-X16 sports car will launch in 2013

Jaguar tonight confirmed it will build the F-type - the final production name for the C-X16 concept car. The new Jag F-type will go on sale in a year's time, in early summer 2013, as a convertible first with an F-type coupe to follow in 2014. CAR understands it'll be positioned halfway between a Porsche Boxster/Cayman and a 911.

BMW releases M Performance accessories for 2-Series Coup

The BMW 2-series is set to replace the 1-series coupe that we've had on this side of the Atlantic come next spring, and a few months prior to its U.S. debut BMW has rolled out M Performance upgrades for the upcoming coupe. That's right, the 1-series will no longer be sold in the U.S., so there won't be any 2014 models.

Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED

Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.