Auto News for June 26

Jaguar F-TYPE Project 7

Jaguar has confirmed that it will build 250 F-TYPE Project 7 sports cars that will be its fastest and most powerful production model to date. It will be a full road-legal two-seat roadster and pack a 5.0 liter supercharged V8 “petrol” engine. Jag is projecting a 0-60 run of 3.8 seconds and a “truly focused driving experience.” Customer deliveries will begin sometime in the middle of next year. While Jag said the car will be available globally it did not say how many will come to the U.S. No word yet on prices but it will probably sell for more than a Chevy Spark.

The Corvette Museum has decided that the giant sinkhole that swallowed up eight sports cars is a tourist attraction that should be kept, at least in part. In fact, they may put some of the damaged cars back inside the hole. The Detroit News said attendance is up 60 percent from March to the start of this week so they might on to something here.

On Tuesday, GM told dealers to halt sales of the 2013-14 Chevy Cruze models because they might have faulty air bags. Now the automaker says it has found that only 33,000 may have the defective bags and has narrowed its no sell order.

The National Insurance Crime Bureau has now been reporting on auto thefts for 30 years. For 2013, Bakersfield, California leads the list and California holds nine of the top 10 spots in the study. Overall, however, the bureau said auto thefts are declining.

Triple A predicts 41 million of us will hit the road over the 4th of July holiday weekend for trips of 50 miles or more. That is up 1.9 percent from a year ago. It said a willingness to take on credit card debt, not an increase income, is responsible for the increase in consumer spending over the holiday.

Has the big GM ignition switch recall done anything to lower used car prices? No, according to the National Automobile Dealers Association. It said Chevy Cobalt prices, for instance, “have continued to move in a manner similar to competitive models within the compact car segment.”

I didn’t want you to miss the fact that Research and Markets has a report out on the International Armored Vehicle market. It includes Main Battle Tanks, Light Protected Vehicles, Amphibious Armored Vehicles, and Unmanned Ground Vehicles.


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