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Land Rover OKs LRX-based small SUV for Range Rover

Land Rover will put its striking LRX concept car, first displayed at the 2008 Detroit auto show, into production with the help of a $37.1 million grant from the British government. But in a move suggesting it will be pitched further upmarket than originally intended--against four-wheel-drive rivals such as the Audi Q5, the BMW X5 and the Mercedes-Benz GLK--the LRX will reach showrooms wearing Range Rover badges. "Internal studies have shown that if we deliver the LRX to market, it would be best suited to the Range Rover brand," Land Rover boss Phil Popham said.

RM Auctions buys Auburn complex from Kruse

RM Auctions has bought the Kruse International Auction Park in Auburn, Ind., from financially troubled auctioneer Dean Kruse and plans to hold the site's annual Labor Day weekend car auction Sept. 2-6. Rob Myers, RM Auction CEO, said his company will spend the next several weeks making upgrades to the auction facility and lining up consignments.

Jaguar sports hatch is inspired by R-D6 concept

Jaguar plans to add a dramatically styled sports-hatch model to its lineup beginning in 2014. To be priced from about $60,000, the sports hatch on the drawing board was inspired by the R-D6 concept first shown at the 2003 Frankfurt motor show. The R-D6 design, which had been considered an ill fit for the brand's traditional sedan/sports-car image, is now gaining support at the highest levels of the company as it forges an independent future under Indian owner Tata.