"The C-X16 represents a further avenue of research in Jaguar's mission to develop sustainable powertrain technologies and bring them to production, " the company said in a statement.

BBC: Jaguar reveals 'E-type successor'

But with so much competition from abroad, and with so many competing future powertrain technologies out there--electric hybrids, clean diesels and hydrogen fuel cells--companies can't afford to go it alone, says David Cole, chairman of the Center for Automotive Research in Ann Arbor, Mich.

FORBES: Magazine Article

"The good news for customers is that they not only have more choice, but they have faster access to Ford's latest and greatest in fuel-saving technologies and vehicles, " said Joe Bakaj, Ford vice president of Powertrain Engineering.

ENGADGET: Ford underscores its love of electric cars, spends $135 million to make them happen