Williams F1 Team Expects To Lose Up To $32M After Hybrid Supercar Project Delayed

The Williams F1 team is expected to lose up to Â£20M ($31.4M) in revenue this year after Jaguar "put the brakes on a hybrid supercar, which the two were developing," according to Christian Sylt of the London EXPRESS.

The Jaguar C-X75 supercar was announced in '10 and "was powered by a turbocharged 1.6-litre petrol engine as well as two electric motors." It was due to have a top speed of 205mph and a price tag of up to Â£1M ($1.57M). In December, the "weak economic climate led Jaguar to announce that it would not put the car into production." In the year ending Dec. '12, Williams’ revenue accelerated 22% to Â£127M, but a report by Switzerland’s Bank am Bellevue predicts that it will dip to Â£102.2M ($160.5M) in '13 "due to the supercar costs." Express