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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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