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New Jaguar XFR-S burns up the Goodwood hillclimb (video)

The new Jaguar XFR-S – the most powerful XF to date – has just launched and we have video of the XFR-S on the Goodwood Hillclimb. With an even more aggressive look than the XFR, the XFR-S gets 542bhp and 502lb/ft of torque, enough to move Jaguar’s appealing super saloon to 62mph in just 4.4 seconds. Until now all we’ve had are the XFR-S photos Jaguar delivered (together with a dynamic video too), but with this week seeing Goodwood starting the push for this year’s Festival of Speed with a press day, we have the XFR-S out playing on the hillclimb, and Shmee 150 managed to capture Jaguar’s new cat playing.

Car sales skid in January; Mini, VW and Volvo biggest losers

U.S. light-vehicle sales, dampened by lower fleet shipments and severe winter weather across large chunks of the country, fell 3 percent in January. Among the biggest automakers, Nissan Motor Co.

Porsche CEO likely to bow to pressure to leave, report says

Porsche CEO Wendelin Wiedeking is likely to bow to pressure from the Porsche family to step down, a German newspaper report said on Wednesday. Business daily Handelsblatt said that the two parties had already reached agreement that the chief executive should go and that a formal decision could come by Thursday, when the company's supervisory board meets. The newspaper also said, however, that Wiedeking would fight to keep his job.