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Jaguar XKR-S GT revealed (+ video)

Jaguar has pulled a surprise with the reveal of a more focused, and expensive, XKR ahead of the New York Auto Show – the Jaguar XKR-S GT. The XKR-S GT doesn’t get extra power – the XKR-S already has 542bhp – but it does get lots of tweaks to make it more able to use the performance it has. That means a new bonnet with more vents to improve cooling, a new carbon fibre front splitter, new rear diffuser, an aluminium undertray at the front, a whopping great spoiler at the back and bits of carbon fibre floating around.

Who's Where: Gordon Murray launches own design company

Famed Formula One designer Gordon Murray has launched his own design company, with its first project currently underway. But it's not quite what you might expect from someone who's made a name for himself building such aerodynamic performers like the McLaren F1 and Camparo T1 supercars. Murray's new project is to build an economical small car for the masses: one that would be both cheap to buy and to run.

Italian firm buys stake in Aston Martin

The former owner of Italian motorcycle maker Ducati has bought a 37.5-percent stake in financially strapped British car maker Aston Martin. The move means future Astons could use modern drivelines and electric architectures from Mercedes-Benz's AMG division, insiders with knowledge of the deal suggest. Private equity fund Investindustrial has signed a memorandum of understanding with current Aston Martin owner Investment Dar of Kuwait that will see it pay $240 million (150 million pounds) for the ownership stake.