1967 Jaguar E Type Coupe 4.2 4 Speed on 2040-cars

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Watch the Jaguar I-Pace live reveal

The day has finally come for the Jaguar I-Pace electric crossover to be revealed, and you can watch as the sheet is pulled off the company's first full EV. The reveal starts at 1:00 p.m. ET, and can be viewed in the embedded video above. The I-Pace was first revealed in concept form in Nov. 2016. Jaguar claimed it had a range of 220 miles, 400 horsepower, and 516 pound-feet of torque. Jaguar has also promised very fast charging at 100kW DC chargers. Apparently it can regain 80% of its charge in 45 minutes at such a charger. Jaguar has claimed this charging capability for the production model, but we have yet to see if the power and range numbers held up. Jaguar will also run a one-make I-Pace race series alongside Formula E. We'll see if any further announcements are made about the racing version of the car and the series. Related Video:

Jaguar Land Rover posts profitable quarter amidst big yearly losses

Jaguar has posted its first profit in quite some time, as the financial quarter ending on March 31 brought in a net income of $151.6 million. However, that is the light in the end of the tunnel, as full year results through March showed a $4.58 billion loss (GBP3.6 billion). The losses are again attributable to declining sales in China, with a whiff of the still-lingering Brexit process. While JLR's annual U.S. sales were up 8.1 percent, and U.K. sales improved by 8.4%, overall sales came down 5.8% to 578,915 vehicles. For April, Chinese sales nearly halved as they dropped by 46 percent. Earlier this year, JLR's woes caused its owner Tata Motors to post the biggest ever quarterly loss in Indian corporate history, at nearly $4 billion. JLR's CEO Ralf Speth stated that the company is "reducing complexity" and transforming its business by cost savings and cash flow improvements, citing the fourth-quarter profits as an example of the ongoing turnaround. Speth said JLR has already managed to deliver $1.59 billion (GBP1.25 billion) of efficiencies and savings. JLR says its turnaround program, dubbed Charge, will drive it to at least $3.18 billion (GBP2.5 billion) of investment, working capital and profit improvements by March 2020, and that it currently has $4.84 billion (GBP3.8 billion) of cash. Speth continued that JLR will "go forward as a transformed company that's leaner and fitter," and that the sustained investment in new products and technologies will drive future demand. There has been earlier speculation of Tata Motors selling JLR to the PSA Group, but as Autocar reports, Tata's financial chief again refuted these rumors. JLR also announced today that its CFO of 11 years, Ken Gregor is stepping down after 22 years with the company, and that he will be succeeded by JLR's Chief Transformation Officer, Adrian Mardell.

Stirling Moss' Jaguar C-Type could bring $7.5M in Monaco

With little over 50 examples made and a decorated racing history, the Jaguar C-Type is one of the most sought-after models ever made by the famous British marque. Bonhams has a very special one coming up for auction – one that Sir Stiling Moss drove at Le Mans in 1952. Jaguar built chassis number XKC 011 for its works racing team in 1952. It made its debut at Silverstone at the hands of pre-war racing legend Peter Walker. Then the factory outfitted with specially elongated bodywork for Le Mans, where Moss teamed up with Walker to split driving duties. Sadly it didn't make it to the finish line thanks to an engine failure, marking the second of eight DNFs that Moss would suffer in ten campaigns at the French endurance race. Moss drove this C-Type in several more races after it was converted back to its standard bodywork. It was then raced by Ecurie Francorchamps before being sold to run in British club racing. The current owner acquired it in 1963, and has held onto it until now. XKC 011 is scheduled to highlight the upcoming Bonhams event at the Fairmont Monte Carlo during the Monaco Grand Prix Historique next May. Bonhams has not published a pre-sale estimate for how much it expects this example to sell for. However in correspondence with Autoblog, the company's auction specialist James Knight revealed: "We certainly feel the car will exceed GBP5m and has the potential to achieve much more." That base estimate works out to over $7.5 million at current exchange rates. We'll be watching to see whether the final sale price comes closer to the $3.7 million for which - according to the Sports Car Market database - Gooding sold one C-Type in 2012, or to the $13.2 million which RM Sotheby's raised for another this past August. Related Video: BONHAMS RETURNS TO MONACO WITH EX-STIRLING MOSS JAGUAR C-TYPE THE MONACO SALE 'LES GRANDES MARQUES A MONACO' 13 May 2016 Monte Carlo In 2016, Bonhams will return to Monaco to present an exclusive sale of just 40 hand-picked, exceptional motor cars. Timed to coincide with the Monaco Grand Prix Historique, the sale will take place on 13 May 2016. "Already renowned in motorsport circles for its annual Monaco Grand Prix and Monte Carlo Rally, the glittering Mediterranean Principality is now to host the Bonhams Monaco Sale," said James Knight, Bonhams Group Motoring Director. "The auction will be carefully curated, tailored to offer only the most desirable models to the market.