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Jaguar XE (2014): spec, information teased on Jag's baby

Jaguar has started what is sure to be a long, sustained dripfeed of information on its new XE compact exec saloon ahead of a planned debut on 8 September 2014. Today's announcement reveals some of the engineering secrets of the Jaguar XE and is designed to whet the appetites of those premium car buyers ready for a change from their 3-series, A4s and C-classes. The Jag XE borrows suspension from elsewhere in the family, the company confirmed today.

Saab gets latest lifeline via $5 million infusion from Chinese company

Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.

The original red dream turns 100: Alfa Romeo celebrates its centenary

It hasn't been sold in the United States for the better part of two decades. Its last Grand Prix victory was in the early 1950s. The reliability of some of its cars can be charitably defined as iffy.