Mercedes-AMG Project One hypercar with 4WD, 1000 F1 horses and €2M price tag

The Mercedes-AMG Hypercar will be called Project One, come with an F1 engine delivering at least 1000bhp. cost €2M and debut at Frankfurt 2017.

The Aston Martin AM-RB 001 Hypercar – a joint hypercar project by Aston Martin and Red Bull – isn’t the only hypercar project looking to fill in the gap left on the wish lists of the world’s richest petrolheads now they’ve have got bored with the McLaren F1, LaFerrari and Porsche 918. There’s the Mercedes take on a hypercar too, and now it has a name – the Mercedes-AMG Project One.

We don’t yet know if naming the new Hypercar Project One means there’s a Project Two in the pipeline, or whether German efficiency dictates a moniker for each subsequent iteration of the new Hypercar should be clear before the project starts, but what was the R50 Project is now the Mercedes-AMG Project One.

We also know more than we did too about the car itself, thanks to AMG boss Tobias Moers who was happy to deliver up some tasty morsels and confirmations at the Detroit Motor Show.

The Project One will get at least 1000bhp using a powertrain taken straight from Mercedes F1 cars, and will also get 4WD thanks to an electric motor on the front axle delivering not just power but active torque vectoring too.

Less than 300 Project One cars are to be built, and each will cost €2 million, with the first public look of the new car scheduled for the Frankfurt Motor Show at the end of September.

By then, Mercedes expect all cars to be sold out ahead of customer cars at some point in 2018.

Which means, if you’re a rich petrolhead, this is going to be an expensive year, what with shelling out €2-3 million on the AM-RB 001 as well as €2 million on the Project One.