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What you see here is one of the most exquisite design concepts of a 1-off, retrospective rendition Ferrari. This is the Ferrari 340 Competizione. It’s slated to be produced by American design & coach building house, Gullwing America. This is their newest project, and it’s based on the 1952 Ferrari 340 Mexico Berlineta. The 1952 model was built for competition in the Carrera Panamericana race in Mexico. Only 3 examples of the car were ever produced.

San Antonio, Texas based GWA’s proprietor, Arturo Alonso, is set to re-invent the model using modern technology and applied sciences. The modern interpretation takes a Ferrari 456 GT as its starting point, retaining its 470-horsepower, 5.4-liter, V12 and six-speed manual transmission, but upgrading the aerodynamics, suspension and brakes, and hand-made aluminum bodywork by Australian, Mark Nungent. The interior likewise pays homage to the 340 Mexico, but packs modern touches like lightweight carbon fiber seats, 4pt race harnesses, and a chrome plated cage. Other additions include a diffuser, rear spoiler, side vents and front splitters.

Although it’s a work in progress, one fine example is reportedly set to be built. With God’s good grace, and the prosperous fortune of the Maneki Neko (Chinese money cat statue), Maranello won’t wave an ill-fated finger to the however limited production of more.