As sports cars become faster and more technological, a cottage industry has emerged, dedicated to recapturing a purer era of driving. UK-based GTO Engineering is one such player after introducing the sketches for its stunning Project Moderna. Project Moderna is a new sports car that is styled to look like a Ferrari 250 GTO, one of the prettiest cars of all time and a classic precursor to models like the Ferrari 812 Superfast. The project was merely a sketch before, but GTO Engineering has officially announced that the car will enter production.

"After the exceptional reception from interested owners and fans who would like to own a car such as ours, we're now making it happen and publicly documenting the development process," says company founder Founder Mark Lyon. "For our team, the engine and the aesthetics are two of the most important parts of any car, especially this one, which is why we were keen to start here."

The company says design modeling is about to begin as the design team finalizes the body shell drawings. A mix of modern and period-correct styling cues will be present on the production model, as seen in the renderings. GT Engineering promises the finished product will weigh less than 2,204 lbs (1,000 kilograms) and include a naturally aspirated engine paired to a manual transmission.

Under the skin, the car will utilize a quad-cam V12, built in-house by GTO Engineering. The car will ride on a custom "muletto" chassis that should retain similar proportions to the original 250 GTO. GTO Engineering says people have grown taller since the 1960s, so it will work to create more room in the cabin and ample luggage capacity.

GTO Engineering hasn't shared an on-sale date but says it has formally opened order books. We assume pricing will be steep, as the company's 250 GT Revival model was priced at $1 million. The model could potentially make its way to the United States under the Low Volume Motor Vehicle Manufacturers Act of 2015, which will also be used by DeLorean to sell new cars.