We told you
will introduce a two-seat F-Type to challenge the
, but now
Bloomberg News reports
it will be the smallest Jaguar in more than 50 years. A loose reincarnation of the iconic 1960s E-Type — you know,
Austin Powers' car
— the F-Type will draw heavily from Jaguar's
shown last fall. A Jaguar spokesman speculated to Bloomberg that the F-Type would start around $90,000 when a convertible version goes on sale next year. Expect a full unveiling in September, with global engines including a supercharged 3.0-liter V-6 or Jaguar's 5.0-liter V-8.
In other news:
GM will base part of its bonuses for salaried employees on customer retention, Automotive News reports . It's likely the first time in company history that bonuses have been tied to owner loyalty, GM North America President Mark Reuss told the publication.
With $68.3 million in total compensation, Ford CEO Alan Mulally took the top spot in automotive exec pay for 2011, according to a new study from Equilar Inc. via Automotive News .
Toyota forecasts its global sales to climb 21% in 2012, but CEO Akio Toyoda told reporters in Japan that slowing demand in the U.S. — which just had the worst month in annual sales rates since last November — joins his list of concerns, Bloomberg News reports .