The Jaguar E-type was a sports car produced by Jaguar between 1961 and 1974. But enough with "was". Jaguar is ready to bring back to life the legend!. The upcoming two-seater sports car will come to take on the Porsche 911 and Aston Martin V8 Vantage.

The sale of the brand will happen in the next few weeks, and Tata, the future owner is giving the green light to the sports car. The company already announced intention to put into production the F-Type Concept, as a competition for the Porsche Boxster.

The future E-Type will be designed especially for real sports car enthusiasts, leaving the current XK Coupé and convertible to cater for owners wanting a more luxurious Grand Tourer.

More about the future E-Type after the jump.

Under the hood there will be a 4.2 liter V8 engine for the entry levels; while the top of the line will be powered by a 5.0 liters supercharged engine that will deliver 500 hp. All engines will be mated by Jaguar’s six-speed automatic gearbox, and come complete with steering wheel-mounted paddleshifters, while the suspension will feature special Audi-style magnetic dampers.

Anyway, we can't tell you the exact date when the E-Type will come back, as Jaguar's first priority is the stunning new XJ saloon. Evolving the look of the XF, it will feature an even more rakish shape, and will be powered by a range of revised engines, including the company’s first hybrid.