There are some cars that will go down in history. Say what you want about its looks, the Jaguar XJ220 always will be an iconic vehicle from days gone by.

Today marked the announcement of the C-X75 becoming a reality. And it's said to be attempting to take on the Bugatti Veyron, even though its projected numbers can't really shake a stick at the speed machine Veyron.

Jaguar is planning 250 vehicles, of which 50 will be purebred race cars. Rumors of its total power are hinting at a 1,000 horsepower and an electric mode to get around urban environments.

And all for the price of approximately $1 million bucks, depending on the exchange rate.

Does this make sense? Is Jaguar doing a smart thing here? Can this live up to the XJ220's legacy?

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Jaguar has decided to turn its hugely impressive jet-powered Jaguar C-X75 hybrid concept into a £700,000, Bugatti Veyron-beating flagship for production in 2013 – and is enlisting the aid of the Williams F1 team to do it.

The deal, a momentous decision that will affect everything Jaguar does for decades to come, was announced in London this morning by Tata chief Carl-Peter Forster, with Sir Frank Williams in attendance.

It will involve a direct technology transfer between the partners, especially over lightweight structures, and brings Tata ever closer to the F1 connection that has often been rumoured...

[Source: Autocar]

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Can The Jaguar C-X75 Hold Up To The Legendary XJ220?

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