Jaguar is set to expand its XK range with the introduction of a new entry-level model powered by the same 3.5L V8 engine currently used in the XJ saloon. The new model will be launched around October or November, reports AutoWeek Netherlands, but there’s no word on pricing. Early estimates place its price tag around the €75,000 mark, which is €10,000 below the starting price of the 300hp 4.2L V8 model.

Power levels will be similar to the XJ, with roughly 256hp on tap, but the engine is said to be specifically tuned to suit the XK and features the Coupe's sportier exhaust system. This will remain a Europe only model, and performance numbers of seven seconds for the 0-62mph dash should be adequate for most Jaguar buyers.

Other minor changes to the XK lineup include a new antenna mounted into the rear spoiler, new aluminum or wooden trim and chrome highlights for the controls, plus optional 20in double five-spoke Senta alloy wheels and an upgraded stereo system.