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UPDATE: We've spoken to Ruf, who have corrected us regarding the Porsche Cayman. The CTR 3 is not Cayman-based. The car's body is designed by Ruf. Only the taillamps are sourced from the Cayman. The car's transmission is a 6-speed sequential gearbox, not a seven-speed as had been rumored.

UPDATE 2: New post with full technical specifications provided by RUF here.

Fabled über-performance builder Ruf, the house of mad genius that brought us enthusiast miracles such as the legendary CTR "Yellow Bird," appears ready to knock everyone's socks off once again. This time, the wow factor is attached to the company's new CTR3, a Porsche Cayman-based supercar that makes its debut today in Bahrain, where is likely no shortage of individuals able to pony up the car's projected $300,000 price tag.

Under its aluminum and carbon-fiber skin, which makes the CTR3 look like something that would have appeared right at home dueling the likes of the Toyota GT-ONE, Porsche 911 GT1, and McLaren F1 in LeMans races past, the new RUF has the heart of its bigger and equally insane brother, the 911 RT12. Its 3.8L twin-turbocharged six delivers 700 horsepower and 656 lb-ft of torque, all of which is sent rearward via a rumored seven-speed sequential gearbox. Top speed? Figure around 224 mph. Can an assault on the Nürburgring by this earthbound cruise missile be far off?

[Sources: Jalopnik, Motor Authority]
Related GalleryRUF CTR 3