The Jaguar XK was first revealed at the 2005 Frankfurt Motor Show. The XK used an all-new, all-aluminium monocoque chassis developed from the 2005 Jaguar ALC (Advanced Lightweight Coupé) concept car.

In a reversal of the normal procedure, the XK coupé is based on the convertible. This meant that the engineers could design the convertible without the drawbacks of the car looking like, and actually being, a coupé with the top chopped off. It also meant that minimal additional weight was required to maintain the structural rigidity lost with the removal of the roof.

The Jaguar XK's designer, Ian Callum, also penned the Aston Martin DB7 and Vanquish. The 2006 Jaguar XK's grille is inspired by that of the 1961 Jaguar E-Type.

Power for the Jaguar XK is provided by a 300 hp version of the 4.2 litre AJ-V8 engine.

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