Here's a car that makes the Ferrari FXX look sensible. Developed by U.K. startup Freestream, the T1 (shown above) is intended to be the world's ultimate track-day car.

The design team of Ben Scott-Geddes and Graham Halstead were responsible for the design and development of the legendary McLaren F1, and more recently the Mercedes SLR, so the T1 definitely has the right genes, and their no-compromise approach to ultimate performance has defined an amazing vehicle. More after the jump!

Powered by a custom-built, supercharged 2.4-liter aluminum V8, putting out 500 hp through a 6-speed paddle-shift gearbox, the T1 is essentially a two-seater Formula 1 car for the street. In fact, the 2.4-liter V8 (a Cosworth, perhaps?) is based on the 2006 Formula 1 specification. With projected acceleration from 0-60 mph in less than 2.5 sec (!), and from 0-100 mph in less than 5 sec (!!), the Freestream basically redefines the performance envelope for road-worthy vehicles. The ultra-lightweight, 1,000-lb car achieves a stunning 3g lateral acceleration. Full specs are available at the Freestream website.

Everything from tire selection to aerodynamics are adjustable and tunable, so it's a good thing that Freestream offer a range of "vehicle support solutions" (aka "people who know what they're doing") for T1 owners in search of the ultimate track-day experience.

The T1 is expected to be available later this year, starting at about $265,000. Production will be limited to 25 cars a year, so call now if you're interested!

[Source: Freestream, via GlobalAutoIndex] Thanks to Noah and Neil for the tips!

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