Ford gave a glimpse of its new GT supercar last January in the 2015 Detroit Auto Show. The American automaker created its priciest car so far in commemoration to Ford GT race cars' 50th anniversary.

The Motor Authority noted that the 2017 Ford GT will be sold for about $400,000.00, way pricier than its predecessor, the 2005 Ford GT which retailed for $150,000.00.

Reportedly, Ford performance director Dave Pericak spilled the beans at the Geneva Motor Show revealing that the new Ford GT's price tag is "near that of the Lamborghini Aventador" which ha a $397,500 base price.

The Blue Oval's 2017 GT boasts of a 3.5-liter twin-turbocharged V6 rated at more than 600 HP paired with a seven-speed dual-clutch transaxle.

"And it will be propelled by the most powerful EcoBoost production engine ever: a next-generation twin-turbocharged 3.5-liter EcoBoost V6 that will produce more than 600 horsepower. This new engine is based on the same race-proven engine architecture as that used in Ford IMSA Daytona Prototype endurance-racing efforts. The EcoBoost engine will be a paired with a seven-speed dual-clutch transaxle for near instantaneous gear changes and exceptional driver control," social.ford.com stated.

"All of a vehicle's capabilities - acceleration, handling, braking, safety, efficiency - can improve through the use of advanced, lighter materials, and the GT makes generous use of these high-tech composites. Aerodynamic efficiency is at the heart of the Ford GT design, with every slope and shape examined to minimize drag and optimize downforce. An active rear spoiler is keyed to both speed and driver input, reactively deploying and adjusting its height and/or pitch angle depending on conditions," the website added.

Ford's latest supercar will be housed in a carbon fiber chassis that will be produced by Multimatic Motorsports in Markham, Ontario, a Canadian racing specialist.

Fox Sports reported that only 250 2017 Ford GT will be produced each year according to Pericak.