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Jaguar readying SUV for Frankfurt motor show

While the next new Jaguar model slated for dealerships is a BMW 3-series fighter rumored to be called the XS, Autoweek sources have confirmed the company will also be showing an SUV at the Frankfurt motor show in September. Likely to be named XQ or Q-type, the Jaguar SUV is expected to ride on a version of the XS platform (itself a variation on the aluminum XJ architecture) rather than share a platform with a Land Rover product. Slated for 2016 production, the new Jaguar XQ SUV will share some powertrain technology with Land Rover, specifically the Ford I-4 engines from the Evoque.

Higher gas prices? Blame ethanol

MarketWatch reported today that the price of ethanol has seen a 30-percent price increase so far this year, taking the price of gasoline up with it, since a good majority of "gasoline" sold today is around 10 percent ethanol. The average price of a gallon of gas today is $2.30, according to FactSet data, but this has varied since the beginning of 2014. Despite the recent surge, ethanol prices have also proved to be rather volatile with reports of it dropping 8 percent this past Thursday after falling 10 percent just the day before.

Gibbs launches new high-speed amphibian vehicles

Michigan-based Gibbs Technologies has released two new high-speed, commercial-grade amphibian vehicles, named the Phibian and the Humdinga. The Phibian is a 30-foot-long, nearly 12-foot-tall craft capable of highway speeds on land and more than 30 mph (26 knots) in the water. Constructed mainly of carbon fiber, the Phibian can hold up to 15 people, including a crew of three.