1971 Jaguar Series Iii, V-12 E-type Coupe With Manual 4 Speed on 2040-cars

Auto blog

Formula E is on track financially, with NYC race coming up

LONDON - Formula E could be breaking even already were it not investing for the future, chief executive Alejandro Agag said on Monday after the electric motor racing series reported continuing losses in its latest annual accounts. Accounts filed at Companies House showed Formula E Operations Ltd reduced its operating loss to 33.7 million euros ($38.32 million) at end-July 2016, a period covering its second season, from a previous 62.7 million. Net liabilities rose to 107.2 million euros from 72.1 million, while total revenues reached 56.6 million from a previous 19.7 million. "Everything is going according to plan," Agag, whose city-based series will be racing in New York for the first time on July 15 and 16, told Reuters in an interview at his London offices. "Actually we are doing incredibly well financially according to our plan. "We could have broken even this year but we decided to invest more in marketing and promotion. We decided to add races like the one in New York, which is in year one a race which is costing, we have significant capital expenditure." "It's really up to us when we want to go to break even or not. We could be in break-even now, we could be in break-even next season but we may decide to invest more in marketing and promotion." Agag said the shareholders, including John Malone's Liberty Global and Discovery Communications, were supportive of the strategy and the series had attracted more investors, sponsors and car manufacturers. The New York races will be held in Brooklyn's Red hook neighborhood, with lower Manhattan and the Statue of Liberty as a backdrop with technology partner Qualcomm securing the naming rights. MANUFACTURER INTEREST Agag, whose series plays down competition with Liberty Media-owned Formula One, said more carmakers were set to join a series increasingly aligned with their commercial focus. "I think Formula E has become the preferred destination for manufacturers and there are a few reasons for that," said the Spaniard. "Obviously, one is that it is electric and manufacturers are more and more focusing on electric cars...and we are the only platform really to help them promote that technology and those types of cars. "And second, because of the cost. The cost of the team in Formula E is very moderate." Whereas top Formula One teams can burn through $300 million a year, as can the likes of Toyota in the World Endurance Championship, the budgets of successful Formula E teams are between 10 and 15 million.

Jaguar F-Pace shows off its production pelt for first time

We're no strangers to the Jaguar F-Pace, having spotted the production mules for the aristocratic English brand's first crossover on a few different occasions. Today, though, we get not only our first time look at the car in production sheetmetal, but also confirmation that the production model won't stray far from the sexy C-X17 Concept. Riding atop the same aluminum platform that underpins the already acclaimed XE sedan, the F-Pace follows the example set by the Range Rover Evoque, offering up almost a chopped-top look, particularly near the rear, where the plunging roofline and high beltline meet. That said, similarities to products from sister company Land Rover look to be mere coincidences, as the sheetmetal being shown appears all Jag. There's a prominent, snout-like grille that's flanked by a pair of predatory, LED-accented headlights. In back, the small rear window crowns a pair of thin, wraparound taillights. Think XE, with small influences from the F-Type for these units. As for what hides underneath those muscular body panels, our spies are predicting the standard allotment of Jag goodness. That means a gas-powered 2.0-liter, turbocharged four-cylinder and a 3.0-liter, supercharged V6, both borrowed from the XE/XF to start, before diesel and hybrid powertrains roll out. Naturally, all-wheel drive will be offered, although the F-Pace should also arrive sporting rear-wheel drive. And while we've got little to go on to believe it's happening, we're still hoping for an F-Pace R, complete with blown 5.0-liter V8. We suspect we'll be waiting on that one for awhile, though. You, though, don't have to wait to check out our spy snaps of the newest Jag in the litter. Check out our photos of the F-Pace, available up top.

Next-gen electric Jaguar XJ could pack as much as 800 horsepower

A report in Car magazine puts more meat on rumors about the next-generation Jaguar XJ. As has long been expected, the flagship English sedan is still predicted to move to an all-electric platform. The report says the XJ could be the first to move to Jaguar Land Rover's new Modular Longitudinal Architecture (MLA) suitable for ICE, hybrid and battery-electric vehicles. That's the same platform that's supposed to be used for the XJ's twin, a more car-like Land Rover nicknamed the Road Rover by outsiders. The XJ could inherit I-Pace powertrain internals, with a couple of twists. The I-Pace hides a 90-kWh battery sending juice to two electric motors, one on each axle. Total system output comes to 394 horsepower and 512 pound-feet of torque. According to Car, the XJ could upgrade battery capacity to 100 kWh, and use it to power four electric motors placed at the wheels. Each of those motors could be rated up to 200 horsepower. This reads like pie-in-the-sky concept spec, but if Jaguar were to do such a thing, the XJ would immediately claim the power trophy among its luxury electric competition. Arguably the bigger question is when are we going to see it? Various corners have predicted a launch in 2019 for at least three years, and most recently just a year ago. Unless spy photographers have decided to ignore Coventry, we haven't seen a single mule or camo'd prototype, making the sedan seem no closer now than in 2016. What's more, Car's use of conditionals makes it sound like Jaguar hasn't nailed down the final specs. We know — or think we know — the XJ exterior will stick with the five-door liftback style. We get the feeling all else, as with so many things at JLR these days, is TBD. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.