Jaguar has announced its intentions to produce an extended-range electric next-generation XJ luxury sedan.
Autocar says a $407.8 million loan from the European Investment Bank will help the venerable British automaker develop the car, which will be based on the next-generation XJ. The e-Jag will be a range-extended electric vehicle akin to the Chevrolet Volt or Fisker Karma.
Great! How much for this machine? Nice design. In the mean time, I still have my bicycle.