Jaguar's Global Brand Director announced the cancellation of production due to the ongoing global economic crisis, as the carmaker considered that " it seems the wrong time to launch an £800,000 to £1 million supercar." The company expects to take advantage of part of the investment in the C-X75 development by using the the C-X75 technology in future Jaguars.
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.
The original drivetrain had been replaced with a turbocharged/supercharged 1.6-litre petrol engine and two electric motors, mounted at either end of the car, driving transaxles and powered by a liquid/air-cooled battery pack.
The combined power figure of the hybrid drivetrain was 888bhp and combined torque 590lb ft. The C-X75 could crack 0-60mph in 2.8sec and promised 0-100mph in less than 6.0sec. An all-electric range of 60 miles was quoted.
Jaguar announced its decision to continue working on five prototypes to be developed until May 2013. 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