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Jaguar XFR – the Cat’s out of the bag

The XFR is Jaguar’s answer to the barn-storming saloons from Mercedes, BMW and Audi, and if looks and spec (and the experience of driving the non-blown XF) are anything to go by, the new big Cat should get the cream. The XFR gets the new version of Jaguar’s AJV8 engine, which is a 5.0 litre supercharged lump, producing a whopping 510bhp, with the usual limited top speed of 155mph, and a 0-60 of around 4.5 seconds. The New Jaguar XFR surfaces ahead of Detroit Visually, the XFR gets the ‘Aggressive’ look, with big, chrome-trimmed air inlets at the sides (a Jaguar theme?

Clunkers records $2.88 billion in rebates

Dealers submitted a total of 690,114 cash-for-clunkers deals for $2.88 billion in rebates by last night's 8 p.m. deadline, coming in under the $3 billion budget for the popular program, the U.S. Transportation Department said today.

News watch November 2010: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Tuesday 30 November 2010• Fiat and Opel have signed an agreement whereby Fiat will supply vehicles comprising of several variants to Opel, commencing December 1 (Fiat)• Electric cars will make up 20 per cent of UK car sales by 2016, according to National Grid CEO Steve Holiday (Automotive News Europe)• Toyota has said it will repair 650,000 Prius models worldwide because of a fault with the coolant pump (BBC News)• Porsche look likely to succeed in persuading preferred shareholders to support a €5 billion stock sale becuase the deal may offer the chance to buy into Volkswagen at a discount rate (Bloomburg)• China will become Rolls Royce's biggest market, surpassing America as early as 2011 (Automotive News Europe)  Monday 29 November 2010• Bentley has appointd a new CEO to succeed Franz-Josef Paefgen, who's retiring. Porsche R&D director Wolfgang Dürheimer, 52, is now chairman and chief exec of Bentley Motors and Bugatti (Bentley)• In return, Porsche has replaced Dürheimer with Wolfgang Hatz, an internal appointment.