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Jaguar-Land Rover officially sold (2008)

By Ben Pulman Motor Industry 02 June 2008 15:37 Jaguar and Land Rover are now officially Indian-owned. The sale of the two iconic British brands was completed today, and ownership has now passed from Ford to Tata in exchange for $2.3bn in cash (£1.17bn). The sale means Jag/LR is debt-free, with none of the money used to fund the purchase being offset against the pair’s worth.

Peel P50 back in business

Did you know you can buy a brand new Peel P50? That’s the tiny three-wheeled microcar Jeremy Clarkson famously drove around the inside of BBC Television Centre for an episode of Top Gear in 2007, and holder of the Guinness world’s smallest production car title for over 50 years. Turns out it was put back into production in 2010, and is now assembled under licence by a company called Grasshopper in Nottingham.

Porsche Cayman and Boxster GTS on the way

Porsche Cayman GTS and Boxster GTS variants are expected to be unveiled at the 2014 Beijing Motor Show this year, before the upgraded versions of the German firm’s two-seater coupe and convertible models go on sale in April. According to reports, development work on both cars is now almost complete, with both vehicles gaining a power increase and revised styling over existing Cayman and Boxster models (pictured). On Bing: see pictures of the Porsche Boxster GTSFind out how much a used Boxster costs on Auto Trader Porsche has used the ‘GTS’ tag before, for versions of its existing cars that provide a more focused driver experience and greater emphasis on involvement and handling, and which retain normally aspirated engines.