Just last week, coachbuilder Ares Design unveiled the beautiful Panther, a modern interpretation of the De Tomaso Pantera. Based on the Lamborghini Huracan, the Panther, also known as the Project 1 since it's the first car to be made under the company's "Legends Reborn" program, is powered by a 5.2-liter V10 that sends 641 horsepower to all four wheels through a seven-speed dual-clutch transmission.

Ares Design managed to extract more power from the Huracan's V10 by tuning the ECU and adding a new exhaust system. As a result, the modern-day Pantera will sprint from 0-62 mph in just 3.1 seconds and match the Huracan's top speed of 201 mph.

While the Panther has only been shown as a coupe so far with a starting price of $695,000 including the cost of the donor car, company boss Dany Bahar has confirmed to Top Gear that a Spyder version is also coming. Deliveries for the coupe will be ready at the end of April or the first week of May before the Spyder version is revealed "a few months later."

Like the coupe, the Spyder version will be based on the Huracan. The standard Huracan Spyder's 5.2-liter naturally aspirated V10 produces 602 hp, but Lamborghini also makes more powerful Evo and Performante versions of the Huracan. Potentially, Ares Design could produce a hardcore, track-focused Panther based on Huracan Performante.

Bahar says the company is "discussing" the idea, but emphasized that the coachbuilder doesn't prioritize power and speed. "We have clearly decided for all our projects not to take on any fight for power, 0-60 times and all this," he said. "One ingredient that is a must have for our projects is the pleasure of driving. Whether we are two tenths slower than the original donor car - this is not what we aspire to."

Production of the Ares Design Panther will be limited to just 70 examples including the Spyder, which will be built over the next five years. Production of the Spyder won't happen until 2020, but the covers will come off the new model later this year. Bahar also teased the company has more projects in the pipeline as the company is planning to expand its facilities. "We have sensational projects coming on, but these take time and we think we will see the fruits of this only in 2020 when we would like to show the world what we have achieved," he said.