May 6 (GMM) Famous F1 team Williams is teaming with British carmaker Jaguar to create a $1 million hybrid supercar.

Jaguar, wholly owned by India's Tata Motors, said the C-X75 will reach 200 miles per hour with "incredibly low C02 emissions".

Williams has been appointed for its "engineering expertise in areas including aerodynamics, carbon composite manufacture and hybrid technologies", according to a media statement.

"Williams has always considered itself an engineering company and so this project will allow us to combine our technical expertise to create something truly exceptional," said Sir Frank Williams.

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