1989 Jaguar Xjs Convertible With Lt1 Conversion on 2040-cars

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GM, Audi, Jaguar halt Russian sales amidst ruble's collapse

The value of Russia's ruble currency has sunk like a stone tossed in the Volga for much of the year, losing over 40 percent of its worth since June. The change is having bizarre effects on the auto industry there and leaving some automakers scrambling to adjust. According to Bloomberg, Russians are buying up luxury goods including automobiles at the moment to have a physical investment in case the ruble sinks further. However, with the money worth so little, the companies aren't making much from these transactions. Things are so dire that several automakers are temporarily ending deliveries until the situation stabilizes. According to Bloomberg, General Motors stopped sales on December 16 with no set date to start again. Audi did the same thing but with the intention to resume once it has adjusted model pricing. Jaguar Land Rover terminated business until December 19 to see how things changed. Toyota is increasing its pricing, as well, but keeping business open at the same time. Some automakers have subtly been reacting to the slumping Russian auto market all year. The moves have included Volkswagen cutting production by 30,000 units from its factory in Kaluga. Ford also got rid of 950 workers from two plants due to low demand. Some analysts have even speculated that the contracting industry and possibility of lower import duties into the country could cause companies to end their manufacturing in Russia completely.

Watch the Jaguar F-Pace set a Guinness World Record for looping

On a chilly gray night in Germany, Jaguar officially leapt into the crossover segment. But it also reminded everyone its brand of grocery-getter will be anything but conventional. The 2017 F-Pace, which will launch next spring in the United States, debuted Monday evening at a glitzy event before the Frankfurt Motor Show. Rather than simply tear the cover off the car (you can watch that below), Jaguar sent a specially-prepped F-Pace blasting up a 63-foot-tall loop, setting a Guinness World Record in the process. Driven by British stunt driver Terry Grant, Jaguar said the F-Pace stood up against 6.5 Gs of gravity during the display. The stunt was meant to illustrate the F-Pace's poise, agility, and athletic nature. In fact, Jaguar is calling the vehicle the "ultimate practical sports car," instead of dwelling on the fact it's an SUV. Based on Jaguar's lightweight aluminum architecture, the F-Pace will arrive in America next year with two V6 engines rated at 340 horsepower or 380 hp. A new 2.0-liter diesel engine will join the lineup next fall, and serve as the entry-level model. It starts at $41,985. Related Video:

Watch Jaguar reveal the C-X17 Concept live, right now!

Jaguar is set to reveal the C-X17 concept crossover in just a few short moments. The show starts at 11:00 AM EST, which is supper time in Frankfurt where the reveal is taking place. It's almost lunch time here on the East Coast of the US, so enjoy your sammy and a bag of chips while you sit back and watch Jaguar show us all some new technology and possibly an entirely new direction for the brand. Our own article on the Jaguar C-X17 concept will go live on Autoblog at 11:30 AM EST, and stay tuned for own live images of the crossover concept tomorrow from the show floor.