2012 Jaguar XKR-S Convertible Price: £103,000 & just 100 UK cars

Jaguar XKR-S Convertible - For Sale at £103k in the UK We noticed yesterday that Jaguar in the US seemed to have confirmed that the US price for the new Jaguar XKR-S Convertible - currently strutting its stuff at the L.A. Auto show – is $138,875, and that the States is getting just 25 cars, which have all been sold. Despite a frantic search of our inbox, we couldn’t find any sign of a UK price for the soft-top XKR-S in the UK, so we got hold of Jaguar who have confirmed the UK list price as £103,000.

BMW announces 2009 7 Series Diesel

BMW has announced that it will, as expected, be launching the diesel version of the 2009 7 Series next year. This is in addition to the two petrol engined models already scheduled. Even at this luxury end of the market, the diesel engine has become a must-have for car makers.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.