Last week, we told you about a report in the latest issue of Britain’s Autocar magazine indicating Porsche was working on a new supercar to compete with the Bugatti Veyron. With 950 hp and a top speed of 254 mph, the Porsche “GT1″ would be positioned squarely against the $1.3 million Veyron. Speed TV has since republished the whole article online, plus Autocar‘s artist’s rendering of the car.
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