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Scuderia Cameron Glickenhaus thinks the street version of its SCG 003 might be able to lap the Nürburgring Nordschleife in as little as 6 minutes and 30 seconds. The company extrapolates that from an estimated 6:42 lap around the complete course in race trim.

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After basing its previous commissions on Ferraris, Scuderia Cameron Glickenhaus has unhitched its horse with the new SCG 003, unveiled at the 2015 Geneva Motor Show and ready to hit road or track.

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Scuderia Cameron Glickenhaus is showing off the SCG 003 undisguised for the first time in both street and track trim. The company's latest project can reportedly swap engines to go between the road and the circuit.

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James Glickenhaus' upcoming SCG 003 is, if the billionaire's previous cars are any indication, going to be a seriously cool vehicle. But according to Glickenhaus, it's coolest feature will be its versatility. And no, we're not talking about its use as a child hauler or tow vehicle.

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Scuderia Cameron Glickenhaus has made (or commissioned) two vehicles to date – the P4/5 and the P4/5 Competizione – and is now hard at work on its third. The first was based on the Ferrari Enzo and the second on a Ferrari F430, but the third is being developed independently from the ground up. The question, then, is what engine will it use?

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Just a couple of weeks ago we brought you the first teaser video of James Glickenhaus' new project, and now his racing team has released some key details.

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He may not have known it at the time, but James Glickenhaus started a small revolution when he commissioned Pininfarina to turn his Ferrari Enzo into a tribute to the legendary 330 P3/4. The P4/5 is what resulted, and Ferrari gave its blessing for it to wear the Prancing Horse emblem – something it hadn't done for a coachbuilt custom in decades. A slew of rebodied Ferraris followed, prompting the factory to launch its own coachbuilding division. But Jim wasn't out of the picture.

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