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Jaguar’s XE Launch Exceeds All Expectations

AT a glittering launch event in London Jaguar treated the assembled media to a succession of theatrical and musical acts ahead of the main event – the long-awaited unveiling of its new XE compact executive saloon. The new car is a big deal for Jaguar, as it allows the Brit car maker to go head-to-head with the likes of BMW, Audi and Mercedes in the fiercely competitive compact executive market. Jaguar’s XE is tasked with showcasing a range of new technology that’s expected to be rolled out to other models in the coming years.

Mini is the UK’s Slowest Depreciating Car

That vital tool of the used-car trade, Glass’s Guide, has today revealed that the Mini 1.4TD is the slowest depreciating car in the UK. For the second year running, the Mini tops the table, although even it has slipped a bit – retaining 63.2% of its value over three years, a fall of 7.8% since last year. Mini Diesel - Lowest depreciating car in the UK Glass’s cite the reasons for the Mini’s success as its strong image, a perception of quality and its reasonable running costs.

PSA Peugeot-Citroen: Factory closures & 8,000 job losses planned

PSA Peugeot Citroen has revealed it is to close one factory, cut job numbers elsewhere and shed a total of 8,000 jobs as demand for its cars dwindles. When we reported last year that Peugeot Citroen were planning to idle their plant in Trnava, Western Slovakia we said that this was just the tip of the iceberg for Peugeot Citroen, and that they would have to take far more drastic action if they were to survive. They must have been listening.