Jaguar C-X75 supercar program halted

Jaguar has dropped plans to put the C-X75 hybrid-powered supercar into production, according to a report Tuesday by Autocar magazine in the UK.

The reason is struggling economies around the world, the magazine said, citing Jaguar brand director Adrian Hallmark.

Jaguar planned to launch the C-X75 next year and had partnered with the Williams Formula One team to help develop it.

The C-X75 first appeared as a concept at the 2010 Paris motor show, with gas turbines and electric motors for a powertrain. Jaguar built five prototypes that used a gasoline engine and two electric motors.

Autocar reports that Jaguar will eventually sell off up to three of the prototypes and keep two--one for its museum and the other for future development projects.

By Dale Jewett