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The Jaguar E-Type celebrates its 50th anniversary this year. And it seems about that long now that its rebirth has been in the making. Or at least the rumormill.

The on-again, off-again five-door "coupe" from Jaguar is reportedly, well, on again. According to AutoWeek, the British-born and Indian-owned automaker plans to release the sporty hatchback in 2014 with an estimated price of around $60,000. Jaguar first dipped a toe in the five-door coupe waters back in 2003 at the Frankfurt Motor Show, though the R-D6 concept was quickly forgotten after its initial round of the show circuit.

To put it mildly, sales of the Jaguar X-Type have never quite lived up to worldwide expectations, and that's especially true in the American market where the car did way more damage to the automaker's reputation that its middling sales numbers were ever worth. Jaguar is hoping that its upcoming XJ restores some of the leaping cat's lost luster, and if that happens, exciting prospects may very well open up for the classic British automaker.