system. The concept car was larger than the production model at in length and was wide. It weighed . Launch The concept car was completed in the early hours of 18 October 1988, the day it was due to be unveiled at the British International Motor Show, being held at the National Exhibition Centre, Birmingham. The vehicle was completed at 03:00 GMT, moved to Jaguar's stand at 06:00 GMT and unveiled at 11:00 GMT. Jaguar's marketing department had allocated space on their stand at the motor show for the XJ220, but had not seen the vehicle until its arrival. Jaguar chairman John Egan and Roger Putnam, who was in charge of Jaguar's racing activities, were shown the vehicle the week before the motor show and signed off on the concept, allowing its unveiling. The car received an overwhelmingly positive reception by public and press and a number of wealthy Jaguar enthusiasts handed over blank cheques to secure a purchase option should the XJ220 concept go into production. Ferrari's display of their F40 flagship model at the same event was overshadowed, as an estimated 90,000 additional visitors came to see the XJ220. The XJ220 was not initially intended to be a production car, but following the reception of the concept and financial interest from serious buyers, a feasibility study was carried out by teams from TWR and Jaguar. The conclusion was that such a car would be technically feasible (subject to engineering changes) and that it would be financially viable. The announcement of a limited production run of 220 to 350 cars was made on 20 December 1989. The list price on 1 January 1990 was £290,000 exclusive of value-added tax (VAT), options and delivery charges, but by 1992 that had increased considerably owing to indexation of contracts. The offer was four times oversubscribed and deposits of £50,000 exclusive of (VAT) were taken from around 1,400 customers. First deliveries were planned for mid-1992. Production version Jaguar were unable to develop the XJ220 in-house as the available engineering resources were committed to working on the XJ and XJS models. Jaguar and TWR had an existing joint venture, JaguarSport Ltd. formed in 1987 to produce racing cars. Jaguar's board made the decision that subject to contractual agreement, TWR and JaguarSport would be responsible for the XJ220. JaguarSport formed a new company, Project XJ220 Ltd., specifically to develop and build the XJ220. The team