DETROIT (Reuters) - British carmaker Jaguar said on Friday it will build the C-X75 hybrid electric supercar it showed off at last fall’s Paris auto show and the price tag is a mere $1.1 million to $1.5 million.
Production of the four-wheel-drive C-X75 will create more than 100 jobs in Britain, said the company, which added the final production version may be sold under a different name.
It will be developed in association with Formula 1 racing team Williams F1, which will provide its engineering expertise to the project, Jaguar said.
Jaguar said the C-X75 will be its most advanced model, offering speeds on par with the fastest production cars on the market — 0 to 60 miles per hour in less than 3 seconds.
It will also offer technology that includes a combination of an internal combustion engine and electric motors that offer an all-electric running range of 50 kilometres and very low carbon emissions.
Jaguar said the car, which will include a lightweight, all carbon-fibre chassis, will remain true to the concept car shown in Paris last September that garnered AutoWeek magazine’s “best in show” award.
Reporting by Ben Klayman in Detroit; Editing by Derek Caney