2006 Jaguar X-type 3.0 on 2040-cars

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This Jaguar D-Type is what you should spend your multimillion-dollar holiday bonus on

The end of the year is fast approaching, your holiday shopping is done, and the mutual fund you help manage is paying out some serious bonuses. What do you do with all that sweet cash? Well, if it's over seven figures, we suggest hanging on to it until January when it could help you buy this amazing 1954 Jaguar D-Type race car. The D-Type, for those of you unfamiliar, is Jaguar's famous race car that gave birth to the road-going XKSS, one of which was owned by Steve McQueen. The D-Type was known for its successes on the track, and frequent appearances at Le Mans, with a victory at the endurance race in 1956. This particular car also raced there in 1954 with the Jaguar factory team, and behind the wheel was Sir Stirling Moss. According to RM Sotheby's, it led the race for a major chunk, but eventually retired due to brake issues. The car was campaigned at other events through the year, and it also saw time at the hands of a privateer team that bought the car in 1955. Many decades later, the car is being offered for public sale for the first time in its life at the RM Sotheby's auction in Arizona, Jan. 18-19. According to the auction company, the car features the original body, chassis, drivetrain and suspension. Between the history and the originality, the company is expecting the car to bring between $12 million and $15 million, hence the reason this is probably just for those with seriously massive holiday bonuses. But if you have the means, you could do way worse than spending it on this Jaguar. Related Video: Featured Gallery 1954 Jaguar D-Type View 33 Photos Image Credit: Patrick Ernzen Courtesy of RM Sotheby's Jaguar Auctions Convertible Racing Vehicles Classics jaguar d-type jaguar xkss

Jaguar Land Rover to cut $6.8 billion in costs

Jaguar Land Rover reduce costs by $6.8 billion and will push annual production volume to 1 million vehicles under a secret project called Leap 4.5, according to Reuters. The British automaker wants to achieve these ambitious goals by the end of the decade to compensate for the changing market in China and to counteract the price of meeting stricter emissions standards around the world. Leap 4.5 won't mean firing workers or cutting the automaker's $4.5 billion annual research budget. JLR will instead find savings by underpinning more models with modular platforms and by adjusting its supply chain. Future factories like the one in Brazil and the proposed plant in Slovakia also won't be affected by the new strategy. Globally, JLR continues to grow, and deliveries are up two percent through October 2015 to 390,965 vehicles. Business just last month was up 24 percent year-over-year to 41,553 units. However, the auto market's downturn in China has taken a bite out the automaker's success because volume dropped there 32 percent in the third quarter, Reuters reported. A global volume of 1 million vehicles will mean more than doubling 2014's 462,678 deliveries, but JLR has made significant investments to boost production recently. In addition to the future factories, it opened its first plant in China last year and an engine assembly site in the UK. The company also signed a deal with Magna Steyr in 2015 to build an upcoming model in Austria. Related Video:

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.