Spanish Coachbuilder Hispano Suiza is finally making a comeback. If you've never heard of them, the company was founded in 1904 and is best known for making pre-World War II luxury cars that rivaled the likes of Rolls-Royce and Bugatti. Since the company went dormant in 1968, there have been numerous failed attempts to revive the company.

Back in 2010, Hispano Suiza revealed a new carbon fiber bodied hybrid supercar based on an Audi R8, but it never entered production. Now, the resurrected coachbuilder has revealed an all-new supercar called the Maguari HS1 GTC that will enter production this year.

The mid-engined supercar is powered by a twin-turbocharged V10 reportedly been lifted from a Lamborghini Huracan with electric compressors. The V10 unit is mated to a seven-speed automatic sequential paddle shift transmission. But while the new Huracan Evo's V10 produces a respectable 640 hp, the Maguari sends 1,070 hp to the rear wheels. Thanks to this substantial power boost, 0-62 mph takes just 2.8 seconds while top speed is electronically limited to 236 mph.

The Maguari is named after a stork found in South America and includes a bold emblem sticking out of the front bumper in the shape of the bird. The car also features a lightweight chassis with carbon-fiber bodywork, a low-slung roof, and a bespoke interior with "the finest materials that money can buy." The Maguari HS1 GTC is currently in the final stages of development, with deliveries slated to start by the end of the year. Production will be limited to 300 examples, each starting at 2.2 million Euros (around $2.4 million). The first ten cars will be special editions that will include matching handmade drivers gloves, shoes, luggage, and an exclusive handbag.

Last month, Hispano Suiza also made headlines when it teased a new all-electric grand-tourer called the Carmen that will be revealed at the Geneva Motor Show next month. It isn't being manufactured by the same company, however. The Carmen is being built by Hispano Suiza Cars, whereas the Maguari is the work of Hispano Suiza Automobile Manufaktur AG. Both companies claim to have the right to the Hispano Suiza name, so don't be surprised if there is a legal dispute.