Jaguar axes £1 million supercar The C-X75 was designed to celebrate Jaguar's 75th anniversary and was said to produce 780bhp, 1,180lb ft of torque and could reach a top speed of 205mph. It could accelerate from 0-62mph in 3.4sec and produced CO2 emissions of just 28g/km. The car, which was developed in conjunction with Williams F1, was signed off for production in May 2011, but the gas turbines had made way for a 1.6-litre petrol engine that was both turbocharged and supercharged, as well as two electric motors (one at either end of the car). Power stood at 888bhp but torque had fallen to 590lb ft. Never the less, the C-X75 could crack 0-62mph in 2.8sec and had an all-electric range of 60 miles. However, Jaguar has now announced that the car will no longer go into production. Adrian Hallmark, Jaguar's Global Brand Director, 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." Five prototype C-X75s have been built by Jaguar using the 1.6-litre engine, and the company has annoucned that it will continue to develop them to test the technology. At the end of this programme in May, Jaguar will sell off two of the cars and keep the remaining three for its historic fleet.