Financial News

  • 10 April 2012, 3:47

Jaguar To Make Successor To Iconic E-Type

Nearly 40 years after Jaguar ceased production of its iconic E-type sports car, the firm is to start production of its F-type successor.

The petrol-powered convertible is to continue the sporting heritage of the firm, after it ceased production of its predecessor in 1975.

Jaguar Cars global brand director Adrian Hallmark said: "We showed the C-X16 concept in September 2011, and the reaction to it has been so positive that we've accelerated our development of an all-new Jaguar sports car.

"Its development is a vivid representation of the confidence and ambition of the Jaguar brand, and the desire amongst our engineers and design team to produce a world leader in a market segment that we have been absent from for too long. But no longer - the F-type is coming."

Jaguar has already built engineering prototypes at its Castle Bromwich plant and intends to put the car into production there in 2013.

The all-aluminium body will house a variety of engine configurations and only produced as a two-seater.

Jaguar was a leader in post-war sports car production and its models are still hot favourites with classic car fans.

The E-type, with its elongated engine bay capable of holding a giant V12 engine, was a must-have motor for rock and sport stars.

The car appeared in numerous films from the swinging 1960s and the glam-rock '70s.

More recently comedy actor Mike Myers took to driving an open-top model, adorned in the Union flag, in his spy spoof Austin Powers trilogy.

"The C-type, D-type and E-type Jaguars were all sports cars that held true to this principle in their era," director of design Ian Callum said.

"And the F-type will hold true to that same principle in its time, a time that is soon to arrive."

The new sports car is a key part of an investment project worth 5bn, started by Jaguar Land Rover in 2011 to release some 40 "new products" in the next five years.

Jaguar and Land Rover are now owned by India's largest automobile firm, Tata Motors.