Specifications
# Price: £172,000. Inclusive of VAT.
# Full carbon body.
# Carbon and steel chassis.
# V8 7-liter GM Engine. Titanium Conrods, dry sump with cooling.
# 550bhp at 6000rpm.
# 6 speed manual Grazianno transmission.
# 19 inch wheel standard 21 inch as per picture option.
# Supercharged version to be released at later date with 850bhp (AF10-S).
# Full leather interior.
# Lift up dihedral doors.
# Full warranty and roadside assistance.
# Full lifetime body warranty.
# 0-60 mph in 3.4 seconds.
# Top speed 204 mph
# Active front and rear wings.
# Standard sat nav, mp3 player, rear view camera fully integrated touchscreen
# Wheel base 2690 mm

[Source: Global Motors]

They report Arash has been scratching away at the project, lining up suppliers and orchestrating development with a plan of introduction and production beginning this fall. The heart of the mid-engined car is a massaged 7.0-liter V8 straight out of the Corvette Z06. The transmission comes from Graziano, supplier of the Enzo's gearbox, though in this case it's a row-your-own instead of a glorified automatic. That carbon fiber chassis is built by bonding and riveting together 12 individual pieces, cutting down production time and cost. Still, the total weight is targeted at 1,200 kg, or about 2,650 pounds, so with a mid-mounted 530 HP mill, the Arash should be a screamer. The plan is for the finished car to be revealed at the British Motor Show with limited production following shortly thereafter. Price tag? About $300,000. Take that and stick it in your pipe, Ferrari. [Car Magazine via World Car Fans]