A few months ago, the internet started to rumble with rumors of a race car being built out of the incredible Pininfarina Ferrari 612 P4/5 that James Glickenhaus had commissioned at a staggering (but understandable) $4 million. A thread on Ferrari superforum FerrariChat.com put those rumors to rest -- Glickenhaus wasn't going to turn his P3/4 homage into a race car, he was going to build another car that he would take racing.
While the final product hasn't been revealed in full, the thread includes over 20 pages of Q&A between James and the rest of the F-Chat community giving several hints at what's to come. There are even several photo renderings depicting what the car might look like. What we do know is that this new P4/5 Competizione will not be Enzo/FXX/MC based -- it will be based on a Ferrari chassis and feature a Ferrari V8, with Glickenhaus saying that a V12 isn't practical because of fuel consumption.
Engineering has already begun on this dedicated racecar, which will hopefully get its maiden run at the Nürburgring 24 hour race next year. It will run in an open class that allows one-offs, as there are apparently no plans to homologate this retro-inspired racer. It's just Glick being Glick, building something for fun and bringing his teen memories of Ford vs. Ferrari back to life in endurance racing.
It could also be seen as a great opportunity for sponsors to get a ton of exposure. If the Competizione is anything like the road-going P4/5 in the publicity department, we'd say it's a safe bet you'll get a lot for your advertising dollars. We'll keep you posted as the car comes along, and we're already petitioning the higher-ups to include the Nürburgring 24 into our travel budget next year.