Jaguar has cancelled all plans to produce its flagship C-X75 hybrid supercar. After unveiling the concept at the Paris Motor Show in 2010 Jaguar had planned to build 250 examples of the modern-day XJ220 in 2015. However, as the state of the global economy has not changed in the manner Jaguar expected the company has decided that this is not the right time to produce such a supercar, and will be putting its resources into more important projects.
The news is not all bad, however, as Jaguar has managed to patent over 100 new technologies during the project - many of which will find their way onto future road cars. These technologies helped Jaguar to produce the engine that would have powered the C-X75.
The company says that the super- and turbocharged 1.6-litre engine revved to 10,000rpm and produced 500hp. Coupling this to an electric motor that is said to produce 900hp and 900Nm of torque the C-X75 could have had performance figures greater than a Veyron's, with emissions figures lower than those from a Toyota Prius.
Jaguar also claims to have completely redesigned the car's aerodynamics since the initial unveiling, installing 17 radiators plus various intakes and vents in order to keep components cool.
Despite the shock news, the five prototypes currently being developed will produce finished cars - at least two of which are expected to go to auction.
Jaguar may also allow a limited number of test drives of the prototypes in early 2013. We've sent the Jaguar press office a suitably lavish Christmas present...