Luxury car maker Jaguar has released a teaser picture of its next new model, in advance of a full reveal later this year.

Positioned below the firm’s mid-size XF, the new XE is expected to do battle with the likes of BMW’s 3 Series, Audi’s A4 and Mercedes’ C-Class.

Industry experts are predicting a sub-£30,000 entry price for the XE, which will be powered by a new range of Jaguar designed and built engines.

The XE shares a platform with the recently unveiled C-X17 SUV concept, which is another car analysts expect to reach production as Jaguar moves to expand its model range.

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