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Michael Mauer appointed head of design at Porsche

Porsche AG has anounced the appointment of Michael Mauer to take over as chief designer from Harm Lagaay, who will retire on July 1 after 15 years in the post. Michael Mauer, 41, studied automobile design at Pforzheim University, and started his career at Mercedes-Benz. In 1989, he was appointed design project leader for the Mercedes V Class models, and was in charge of design work for the first SLK model generation.

Jaguar reveals first ‘new’ lightweight E-Type

CLASSIC car fans and speculators alike will be rejoicing as Jaguar has revealed the prototype of its ‘new' lightweight E-Type. Six further examples will be built by Jaguar Heritage and sold as period competition vehicles, using previously unused chassis numbers to give them true authenticity. In 1963 Jaguar started the 'Special GT E-type' programme to build 18 lightweight racers, but only 12 were ever made.

BMW i8 fetching 50% premiums in UK market

The BMW i8 (pictured) is commanding a 50% premium The simple rules of a capitalist market is that supply and demand dictate price. Which is why BMW’s i8 hybrid supercar is fetching premiums of up to 50 per cent. With the entire i8 supply sold out for the next year, those with deep enough pockets – and a compelling desire for an i8 – are turning to i8 owners who have already taken delivery and making them offer they can’t refuse.