Ford will build only about 250 a year
The Ford GT supercar will cost about $400,000 when it goes on sale in the second half of 2016.
And the automaker will make only about 250 a year, Dave Pericak, director of Ford Performance, confirmed at the Geneva auto show.
Pericak told reporters the mid-engine two-seater will cost about the same as a $400,000 Lamborghini Aventador.
Ford showed the Ford GT concept at the North American International Auto Show and announced it would go into production next year.
Since then, the automaker has said the car, which has a carbon fiber body, will be made in Canada by private coach builder Multimatic in Markham, Ontario, near Toronto.
The car will be almost all hand-built, Pericak told reporters in Detroit on Friday.
The Ford GT has a 3.5-liter twin-turbocharged V6 that will generate at least 600 horsepower.
It is designed to be a halo vehicle to showcase Ford’s performance and technological prowess. The last GT was discontinued in 2005 after two years. It was priced at $150,000, but those cars — only about 4,000 were built — have increased in value since it went out of production.
The automaker has said it will introduce 12 performance vehicles by 2020. So far it has shown the GT, Mustang Shelby GT350 and GT350R, Fiesta ST, Focus ST, Focus RS and F-150 Raptor pickup.