We’ve been fawning over photographs and video footage of the new Lancia Stratos for some time now, but its developers have been reluctant to disclose anything regarding specifications and performance…until now.

Beneath that oh-so rakish exterior sits a tweaked version of the Ferrari F430’s 4,3-litre V8 engine.

This unit has undergone a number of tweaks, including a Bosch-updated ECU and a High-performance exhaust system with free-flow manifold and sports catalytic converter from Lamborghini/Ferrari exhaust experts Capristo, to bring out 397 kW at a heady 8 200 r/min and in excess of 500 N.m of torque at 3 750 r/min. Power is fed to the rear wheels via a six-speed sequential transmission capable of executing gear changes in less than 60 milliseconds.

With a dry weight of just 1 247 kg, the Stratos is capable of sprinting to 100 km/h from standstill in a frankly blistering 3,3 seconds. The 0-200 km/h run takes just 9,7 seconds on the way to a 274 km/h top speed. While that top speed figure may not be in the hypercar league, it has been regulated in order to achieve better acceleration values.

The whole shooting match is underpinned by an F430 Scuderia chassis which has been shortened by 200 mm, while the 44:56 percent front/rear weight distribution should lend the car some serious poise. The suspension set-up comprises a ZF Sachs-sourced Electronic system with Eibach springs front and rear complemented by hydraulic aluminium twintube shocks with electronic-controlled proportioning valves.

Behind the 19-inch rims shod with Dunlop Sport Maxx tyres are carbon brake disks (398 mm x 36 mm with 6 pot calipers up front and 350 mm x 34 mm with 4 pot calipers at the rear) provided by Brembo.

Expect production numbers to be kept to an absolute minimum and the price to scale exotic-car heights.