Less than two years after confirming it was headed to production, Jaguar has pulled the plug on its C-X75 hybrid supercar project. Car Magazine reports that Jaguar global brand director Adrian Hallmark told journalists in the U.K. that concerns over the project’s cost and the small number of expected sales forced the company to shelve the C-X75.
The Jaguar C-X75 concept first bowed at the 2010 Paris Motor Show. The low and wide show car used a pair of diesel turbine engines that acted as range extenders to charge a battery, which in turned powered the motors that propelled the car. It was something of an engineering exercise that, at the time, didn’t have much chance of seeing production. Then in May 2011, Jaguar surprised the auto industry by announcing that it would build the C-X75 in partnership with Williams F1.
Jaguar reportedly built five prototypes of the C-X75, which used two four-cylinder engines instead of the promised turbines, but the turbo- and supercharged 1.6-liter units were expected to produce 500-550 hp. Jaguar previously promised the production model would hit 62 mph in less than three seconds, exceed 200 mph, yet emit a Toyota Prius-like 99 grams of CO2 per kilometer.
“After a thorough reassessment of the market conditions, the company’s view is that the global economic landscape does not currently support the introduction of a supercar such as C-X75,” Hallmark told Car. He told reporters that making the decision “broke his heart,” but that Jaguar probably couldn’t have sold the planned 200 to 250 copies of its £1 million (around $1.6 million) supercar.
The development process hasn’t been for nothing, though, as Jaguar plans to use lessons learned from the C-X75 project on future vehicles. The company also plans to finish its five prototypes, which should be completed by May 2013. Jaguar will reportedly keep three of them for its museum, and will put the other two up for auction.
Fret not: Jaguar still has plenty of new products up its sleeve. The F-Type sports car goes on sale next year, and Jaguar is working on building two highly profitable models: a BMW 3-Series fighter, due 2015, as well as an Audi Q5-rivalling compact crossover due in 2016.
Source: Car Magazine