Jaguar has given up plans to manufacture the radical C-X75 hybrid-powered supercar, Autocar magazine reports.
The decision has been taken due to the current global economic crisis, Jaguar brand director Adrian Hallmark told the magazine. “We feel we could make the car work, but looking at the global austerity measures in place now, it seems the wrong time to launch an £800,000 to £1 million supercar. This is backed up by other products from us that people are screaming out for,” Hallmark was quoted as saying by Autocar.
Jaguar’s initial plans were to launch the C-X75 in 2013, with development help from the Williams Formula One team. The C-X75 first appeared as a concept at the 2010 Paris motor show, with a powertrain consisting of gas turbines and electric motors. For the production model, Jaguar gave up the gas turbines and built five prototypes that used a gasoline engine and two electric motors.
The working prototypes will be developed until May 2013, with up to three of these to be later sold at auction. One car will be kept for the future Jaguar museum, while the other will be used by Jaguar for running demonstrations.
Jaguar’s investment in the C-X75 will not be wasted, Hallmark said, as 60 percent of its technology will be used by future models.