jaquar-electric.jpgJaguar 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.

(Read more in AutoCar)


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