Home / Auto News / News article: Jaguar C-X75 Supercar Axed - AutoGuide.com News
 |  Dec 11 2012, 6:24 AM

Stunning in both its performance and its looks, the future of the Jaguar C-X75 Concept is to become computer screen wallpaper, nothing more.

According to Jag global brand director Adrian Hallmark, the hybrid supercar has been axed, the victim of a global economy that continues to struggle to find its feet in some markets, while getting worse in others.

According to Hallmark, five fully functional cars will continue to be built, with three heading to auction, one to a museum and another used by the British automaker for demonstration purposes.

SEE MORE: Top 10 Concept Cars that Didn’t Go Anywhere

Speaking to the UK’s AutoCar, Hallmark said, “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.” In addition Hallmark highlighted the fact that his company’s funds would be better spent developing more mainstream products.

First shown at the Paris Motor Show two years ago, at the time Jaguar highlighted the concept’s gas turbine engines, which were later dropped in favor of a hybrid 1.6-liter turbocharged and supercharged engine that would deliver 888 hp with a 0-60 time of 2.8 seconds and a fully electric range of 60 miles. The chassis itself was to be made of carbon fiber and developed by the F1 experts at Williams.

Hallmark insists the development costs so far will not be entirely wasted with as much as 60 percent of the car’s technology being utilized in future Jaguars.

GALLERY: Jaguar C-X75 Concept

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[Source: AutoCar]