Return of the Mac - The McLaren P1 is here!

Mac's back; McLaren has officially released important information about its successor to the F1, the P1.

First, returning to F1 territory has seen the price of the P1 announced at £866,000, a near-quarter-million rise from the F1's £635,000 price tag in 1992. This puts it into direct competition with other 'hypercar' giants; the likes of the Bugatti Veyron (or its rumoured successor), Pagani Huayra, Koenigsegg Agera and Ferrari's F70; speculated to be revealed at next month's Geneva Motor Show.

Other details released are vital performance stats - although top speed is limited to 350kph, 0-62 is in sub-3.0 second territory, asserting its status as a true descendant of the now legendary F1, which set the standard for hypercar performance over 20 years ago. McLaren also draws on comparisons to the F1 however, stating that the P1 will be 23 percent faster than its predecessor, with 0-200kph (124mph) figures below 7.0 seconds, with 0-300kph (186mph) happening in less than 17 seconds, thanks to McLaren's Instant Power Assist System (IPAS). This is thanks to the 3.8-litre V8 engine providing 908bhp, with a little help from a smaller electric motor. The electric motor can also be used independently to the petrol-burning unit, meaning the P1 can also be used as a zero-emission hybrid when the V8 is not engaged. Economy figures are particularly impressive too; C02 emissions below 200g/km are boasted on a combined cycle, meaning that although the P1's V8 engine and blistering performance mark it out as performance-based and uneconomical, the environmental concern behind such a car does not go ignored. A thoroughly 21st-Century car.

Officially released pictures show the P1's styling to be suitably extreme; with aggressive, modern features gracing the new McLaren's aerodynamic bodywork; headlights integrating into the front air intake system, and tail lights being tucked neatly in line with the rear architecture gives the P1 an almost seamless appearance, with only the enormous, retractable rear wing breaking the model's swoopy lines.

The production of the P1 is also set to be limited to just 375, ensuring the P1's exclusivity on the road, as if a price tag of £866,000 hadn't already done so.