A new BMW M3/M4 is here and the competitors are coming out of the woodwork. Cadillac has shown off the ATS-V; Lexus is selling the RC-F; and Mercedes-Benz has the C63. Now a report from Autocar says Jaguar is working on their entrant.
Sources tell the publication that the hot XE - possibly named XE-R - will use the V8 from F-Type Convertible with 495 horsepower. This will come paired with an eight-speed automatic that will be tuned to deliver more aggressive shifts. Interestingly, sources say the V8 was easier to fit than the current lineup of engines for the XE, including the new Ingenium four-cylinder engine.
No word if Jaguar plans on using any lightweight materials, but the report does say the XE-R will use revised dampers found found on the XE S.
A time frame for this hot XE wasn't given, but a source says it could be awhile since there are more important projects ongoing - such as the F-Pace Crossover.