JAGUAR SHELVES PRODUCTION OF THE JAGUAR C-X75 SUPERCAR - Jaguar announced that the current economic climate would unlikely support the production of the C-X75 Supercar and there took the decision to suspend production.
In my view this is a tragedy for British Supercar Manufacturing. The C-X75 was a collaboration between Jaguar and Williams F1 Racing Team and while it was reported that over 100 buyers were lined up for the £1 million supercar it was deemed uneconomical to produce.
While a car, such as the Jaguar C-X75 supercar may seem a little extravagant, in terms of price and ownership, you have to consider that this type of innovative production, with its 1.6-litre turbocharged engine with an electric motor, is exactly what British engineering is famous for. To pioneer such an engine is no small feat and this is one supercar that would have rivaled the Bugatti Veyron.
“Project C-X75 has already broken many new barriers in terms of innovation and advanced technologies.” Adrian Hallmark, Jaguar Global Brand Director
While is it extremely sad to see such a project being cancelled, and there will be those who reported the vast sums of money already lavished on the production of the five prototypes, it has to be recognised that Jaguar and Williams broke a number of design barriers during the process, such as hybrid technologies, the carbon composite materials and of course the design solutions, which will, as Jaguar explain, be utilised in the future production of its Land Rover brands.
Automotive Research and Development carries huge financial costs to any company and indeed the Jaguar C-X75 Supercar has already accumulated costs nearing £2 billion. It is certainly not cheap to design, develop and produce such a vehicle and without potential customers the production costs simply could not be justified.
Jaguar has said that it is likely that the 5 Prototypes will probably go up for auction and I am sure that will be more than enough serious wealthy car collectors lining up in the auction room. It certainly will be interesting to see how much these beautiful creations fetch at auction.
Regardless of Jaguar’s disappointing decision to shelve the Jaguar C-X75 one thing is for certain – British Engineering and Ingenuity is alive and well and this supercar will pave the way for the introduction of new technologies and advancements in the production of the cars that we, and others around the world, will drive in the future.