The Glickenhaus 007 Le Mans, a 1,400-horsepower road-going hypercar with a price tag of $2.3 million.

American Scuderia Cameron Glickenhaus has developed the first-year contender for the Le Mans Hypercar, the new premier class of the World Endurance Championship.

That contender is 007, which is currently being tested in preparation for the first round, which will be held on May 1 at Spa-Francorchamps, Belgium.

Under the new rules, teams competing in the LMH must produce a number of road cars with powertrain concepts similar to their respective race cars. However, some teams are presenting road-going versions of their race cars. One such team is Glickenhaus. The other teams competing this season, Toyota and Germany's Vicolles, plan to do the same.

Glickenhaus' road car will be called the 007S, with the "S" meaning it is a "street" version. The race car's name will likely include a "C" for "competition," but so far Glickenhaus has only called it 007.

This week Glickenhaus released the first details about the 007S. The car has a maximum output of 1,400 hp, but weighs only 2,800 pounds and has an impressive power-to-weight ratio. The racing car's powertrain is a custom-built 3.5-liter V-8 twin turbo developed by Pipo Moteurs of France, but it is not clear what the 007S's powertrain will be.

The car will feature a three-seater layout similar to the setup used in the McLaren F1 and the recent McLaren Speedtail and GMA T.50.

Aerodynamics will be to the same standards as LMH rules. It will also be equipped with an air jack and adjustable suspension, allowing the owner to immediately transform it into a track monster. All they have to do is change to slick tires, drop the suspension, and switch to ABS and traction control for the track.

Just 24 007Ss will be available to the public, with deliveries beginning two years after the last production slots are reserved. According to Glickenhaus, the car can be driven on public roads in the U.S. and, depending on orders, could be legalized in Europe, Japan, and the Middle East. The company is asking for a deposit, which will be refunded if the production quota of 24 cars is not reached.

Each unit is priced at $2.3 million. For the more daring, Glickenhaus will build a 007 racing car and allow it to compete with its own team in this year's 24 Hours of Le Mans, the highlight event of the World Endurance Championship. This option costs just under $6 million.