1967 Jaguar E-type 2x2 Coupe. Complete But Requires Total Restoration on 2040-cars

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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:

Jaguar F-Type SVR set to go topless

Jaguar's sultry F-Type convertible will soon be getting sharper claws. We've captured the high-powered SVR variant during track testing, and these spy shots show huge air intakes and a prominent splitter up front. They're balanced at the rear with a massive spoiler and a central diffuser that breaks up the angled, jutting exhaust pipes. The cloth top is also evident, and it's presence has been expected. Previously, we spied the hardtop variant. This prototype looks ready for production, with the bodywork screwed down and the head- and taillights peering out. Even the black wheels with thin spokes wouldn't look out of place on the street. We also see the cross-drilled carbon-ceramic brakes. These massive stoppers will be required to slow down the 5.0-liter supercharged V8, which could make 600 horsepower. That blows by the 550-hp F-Type R and the limited production F-Type Project 7 (575 hp). The Project 7 can hit 60 miles per hour in 3.8 seconds, and we'd expect the SVR model to eclipse that figure. The F-Type SVR and its convertible sibling are part of Jaguar's strategy to remain to true to its sporting heritage – the company counts seven Le Mans victories – while adding vehicles like the F-Pace crossover and XE sedan to adapt to modern consumer preferences. Related Video:

Jaguar XJ220 leaps into Jay Leno's Garage

Having sadly canceled the C-X75 project and sat out today's hybrid hypercar race, it would be all too easy to forget about Jaguar as a supercar manufacturer altogether. But back in the early '90s, the British automaker didn't just play in the supercar game – it dominated it. The XJ220 was, for a time, the fastest car in the world. Jay Leno pays tribute in this latest video. Originally envisioned with a V12 engine and all-wheel drive, the XJ220 ultimately surfaced with a 3.5-liter twin-turbo V6 driving the rear wheels alone. None of that kept it from eclipsing the top speed achieved by every supercar that came before with a terminal velocity that didn't quite reach the 220 miles per hour initially promised, but came pretty darn close. The disappointment in the change of specification lead some to dismiss the XJ220 as a failure, but it was still the fastest thing on the road until another British supercar (in the form of the McLaren F1) took its place at the pinnacle of automotive bragging rights. Two decades later, Jaguar quite nearly drove down the same road when its initial plans for the C-X75 changed from an experimental turbine powertrain to a multi-charged inline-four. Only this time the Leaping Cat marque didn't put it into production at all, save for a few prototypes and movie props – which is a bit of a shame, and then some. Watching Jay speed down memory lane in the supercar that almost never was, we're glad that Jaguar still built the XJ220, and saddened that it never followed up with another groundbreaking supercar today. Related Video: