They should price it 2-5 million. It's a statement of "Look I can afford the most expensive car".
They can't do that. Luxury products are largely defined by: 1. How "exclusive" they are. 2. The age and heritage of the brand 3. How difficult they are to manufacture. (The difficulty could be artificial.) Jaguar fails on basically all counts. (1) Price isn't necessarily a stand-in for #1 -- on the very high-end, you have to make it actually difficult to acquire the product in question, and they're not going to do th…
In general, they also have a long - "storied" racing history, and have consistently moved that racing technology into production high performance automobiles. At many points in history, starting with the XK120 in the 1940s they were selling the fastest supercars in the world.
Jaguar's reputation for reliability is no worse than the French and Italian exotic cars... you didn't buy a European car with a V12 in the 1970s if you couldn't afford a lot to keep it up.