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Jaguar XKR-S Convertible (2011) first pictures

Jaguar has announced the smallest surprise of the year - a convertible version of the rabid XKR-S. We all knew it was coming, but it shouldn't take the sheen off the fastest and most powerful Jaguar open-top road car ever. It's essentially the cabrio bodyshell mated to the XKR-S mechanical spec.

Recall is last linked to fire hazard, Ford says

Ford Motor Co.'s new recall of vehicles that pose potential fire hazards will be its last because the latest action covers all remaining cars and trucks with cruise-control switches made by Texas Instruments, even if those switches don't pose safety risks, a Ford spokesman said today. "We did this to reassure customers and make sure there will be no future actions connected to this," spokesman Wes Sherwood said in an interview. "We've gone to extra lengths to include both vehicles with risks and those that don't show risk." Yesterday, Ford announced a recall of 4.5 million vehicles--its eighth in the past decade involving cars and trucks with faulty cruise-control deactivation switches.

Saab parent company to sell Spyker luxury brand to U.S. firm

Saab parent company Swedish Automobile plans to sell its Spyker luxury-sports-car brand to U.S. private-equity firm North Street Capital for about $44 million. Spyker has been careful to point out to European news sources that the agreement has not been made final.