And it’s being built in Australia.
The yet to be named supercar is the brainchild of Aussie entrepreneur Paul Halstead – the IT millionaire who built the Alfa Romeo-based Giocattolo in the 1980s.
But while his first shot at making an Aussie supercar failed (just 15 Giocattolos were sold), Halstead is confident his new, mid-engined Bugatti beater could succeed.
Very much in its infancy, the new car will be powered by a mighty Aussie icon – the race-bred GM LS7 V8.
Halstead plans to use two of the 7.0-litre powerplants, roll them over at 45 degress and bolt them together.
The 14.0-litre donk is expected to churn out 900kW which will be sent to the rear wheels via a six-speed sequential gearbox.
Sounds promising on paper, but we might wait for a working prototype before we get too excited.