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Jaguar in court battle over sales of supercar
15 April 1993
THE INDEPENDENT
JAGUAR is facing a High Court battle over its pounds 415,000 supercar, the XJ220. Some buyers have refused to pay the latest pounds 50,000 instalment now falling due, after seeing the car's value plummet. JaguarSport - a joint Jaguar-TWR venture - has issued writs against several buyers for non-payment, but at least one customer is planning to challenge the order in the High Court.
Michael Pearson, heir to Lord Cowdray of Midhurst, West Sussex, said Jaguar was responsible for undermining the XJ220's value by producing a rival supercar, the XJR15, and he would be pressing to be released from his contract.
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