Jaguar F-type on hold

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News today formally announced by Mike Beardsley, Jaguar MD is that F-type will be placed on hold. Speculation is for at least a 2 year delay.

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News was sent out to employees by e-mail this morning at Jaguar's Engineering Centre. F-type on hold to release resource on other projects probably XK replacement and diesel X-type. Jaguar expected to make large loss this year unless it cuts back on development programs. It will be interesting to see if the Racing team survives the cut at season end. With no F-type it now does not make a lot of sense to be in Formula 1.