The supercar program—which would have replicated the sexy C-X75 concept's style with a carbon-fiber body and outfitted it with a plug-in hybrid drive consisting of an electric motor for each axle and a 1.6 liter supercharged and turbocharged inline-four that revved to 10,000 rpm and generated 500 horsepower—has been shut down on account of the continuing global financial crisis, which is hitting Europe somewhat harder than the United States at this point. "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," says Jaguar global brand director Adrian Hallmark.
Not that the development money spent on the C-X75 project will go to waste. Hallmark says 60 percent of the technology would filter down to other Jaguars (what an oddly specific number), and that the hybrid tech, for example, could be used to create a three-cylinder engine with the output of a six-cylinder. We'd rather see an F-Type with a 500 horsepower, 10K-revving boosted & blown four, but whatever.
Should you be truly crushed that you won't have a chance to drop a million-plus bucks on a C-X75, though, there's a sliver of silver lining to this story. Out of the five working prototypes Jaguar has (and will continue developing until May), three of them will be put on sale at auction. Something tells us they'll sell for a bit more than a million dollars each. But no word on whether the prototypes will offer all the fun or style that the production version of the 888 horsepower, 590 lb-ft Jaguar supercar would have. [via Autocar]