Jaguar kills $1 million-plus C-X75 hybrid sports car
Jaguar has decided not to build the C-X75, a $1 million-plus hybrid sports car that was scheduled to go into production next year.
"The global economic landscape does not currently support the introduction of a supercar such as C-X75," said Adrian Hallmark, Jaguar's global brand director, in a statement.
The car won accolades when it debuted as a concept at the 2010 Paris auto show. Jaguar gave a green light for production in May 2011.
Jaguar formed a partnership with Williams Advanced Engineering, which also has a Formula One race team, to jointly develop the ultralow emissions supercar.
"Project C-X75 has already broken many new barriers in terms of innovation and advanced technologies," Hallmark said. "We have achieved an incredible amount and will continue to test and develop these technologies, which are highly relevant to [Jaguar Land Rover's] sustainable future.
Five C-X75 prototypes will be completed for research and testing, he said.
Production of the C-X75 was to have begun next year and run through 2015. Only 250 cars were to have been built worldwide, priced between $1.2 million and $1.5 million, depending on the local market and taxes.
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