The Jaguar C-X75 supercar has been axed. Global brand director Adrian Hallmark confirmed that the decision not to put the radical hybrid into production had been taken due to the current global economic crisis.
Five working prototypes will continue to be developed until next May. Up to three of these will then be sold at auction, while one will go into a future Jaguar museum and the other will be kept by Jaguar for running demonstrations.
"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," said Hallmark. "This is backed up by other products from us that people are screaming out for."
The C-X75 was first revealed as a concept at the Paris motor show in 2010. Its hybrid drivetrain included a pair of gas turbines to power the car once charge from the four electric motors, one mounted at each wheel, had expired.
In May 2011 Jaguar confirmed the C-X75, which features the firm's first bonded carbonfibre chassis using Williams F1 expertise, had been signed off for production, albeit without the gas turbines.