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Jaguar F-type Coupe R at the Los Angeles Motor Show 2013

Jaguar has unveiled the new 2014 F-type Coupe - the spiritual successor to the fabled Jag E-type - at a star-studded event on the eve of the Los Angeles Motor Show 2013. And the closed-top F-type coupe came with a surprise: there will be a high-performance F-type Coupe R model available at launch, boasting a Porsche-baiting 550hp. This makes it the fastest F-type to date, dispatching the benchmark 0-60mph drag race in a blistering 4.0sec.

Caterham sells F1 team

Caterham The Caterham Formula 1 team has been sold to a consortium of Swiss and Middle-Eastern investors following a poor season so far in 2014. Rumours that Caterham would cut its losses have been rife, since team founder Tony Fernandes threatened to quit if things didn't improve this year. The team is currently bottom in the championship and Fernandes hinted of an exit last week, when he tweeted “F1 hasn't worked, but love Caterham Cars.” Graham Macdonald, Caterham Group CEO: “Firstly I want to thank everyone who was involved in the F1 team for all their hard work and dedication since the team’s first days in 2009.

BMW Gran Lusso Coupe Concept plots 8-series return

This sleek two door coupe concept, unveiled at the 2013 Villa d'Este Concourso d'Eleganza on Italy's Lake Como shores, could provide the stylistic inspiration for a BMW 8-series return. The Pininfarina Gran Lusso Coupe is a contemporary four seater created in cooperation between BMW's in-house design team headed by Karim Habib and famed Italian design house Pininfarina. The car is based on a modified rear-drive BMW 7-series platform and uses the 760i's 6.0-liter, 536-hp turbo V12 for power.