The latest Jaguar creation, dubbed the XE SV Project 8, is its most extreme performance car ever.
The car appeared in prototype for testing at the recent Goodwood Festival of Speed in England, and will be fully revealed at the Frankfurt Motor Show in September.
Only 300 examples of the Project 8 will be built, all by hand.
It borrows the eight-speed automatic gearbox, all-wheel drive and five-liter supercharged V8 powertrain from the F-Type SVR, but sees power rise to 592 brake horsepower from 567.
Jaguar claims a 0-60 mph time of 3.3 seconds and a 200 mph top speed.
The latest XE was built by Jaguar’s special operations. Managing Director John Edwards said of the project: “The designers and engineers at special operations are always coming up with wild, crazy ideas. And the idea of the most powerful, extreme road-going Jaguar saloon ever seemed to be the craziest and the best right now. Once that is decided, then the XE makes sense, because it’s our most agile saloon and has the aluminum platform.”
Jaguar unleashes its ‘Project 8’
Jaguar unleashes its ‘Project 8’
Price cuts drive sales of Saudi-owned electric car
- Lucid delivers more vehicles than expected as it prepares to launch luxury new Gravity SUV
RIYADH: The majority Saudi-owned electric car maker Lucid delivered more vehicles than expected in the past three months as price cuts helped boost demand.
The company delivered 2,394 cars from April to June 30, above analysts’ predictions of 1,940.
Lucid produced 3,838 vehicles in the first six months of 2024 and needs to make more than 5,162 cars by end of the year to meet its annual output forecast of 9,000. It made 8,428 cars in 2023.
“I think at this point everything is shaping for them to achieve that,” said Andres Sheppard, senior equity analyst at Cantor Fitzgerald. Lucid will produce and deliver more cars in the second half of the year because of the usual seasonal effects on the industry, he said.
Demand for electric vehicles has grown more slowly than expected pace in the past year, under pressure from high borrowing costs, economic uncertainties and consumer preference for hybrid alternatives.
Lucid and the market leader Tesla have responded by slashing prices and offering incentives such as cheaper financing options. Lucid, which is 60-per-cent owned by the Public Investment Fund, the Kingdom’s sovereign wealth fund, cut the price of its flagship Air model by 10 percent in February.
Its new Gravity SUV model, a rival for Tesla's Model X, goes into production this year and will cost about $80,000.
