Jointly developed with Lola, the low-slung SP/300.R is a delight for drivers and onlookers alike.

Caterham has officially unveiled the new SP/300.R at Autosport International.

Jointly developed with Lola, the low-slung racer features an aerodynamic design with a front splitter, a massive rear wing, and a flat underbody. Despite the bold styling, the lightweight body panels can be removed by one person instead of the usual two or three.

Power is provided by a mid-mounted supercharged 2.0-liter Ford Duratec engine with nearly 300 bhp (224 kW / 304 PS). It is mated to a Hewland semi-automatic FTR transmission, which enables the 600kg (1,323 lb) car to accelerate from 0-60 mph in approximately 2.5 seconds and hit an estimated top speed of 170 mph (274 km/h).

On the safety front, the car has been specifically developed to comply with MSA safety regulations. This means the SP/300.R boasts items such as an integrated roll cage, a six-point harness, a fire extinguisher, and fuel cut-off switch.  Other goodies include an aluminum tub chassis, a full race suspension (with pushrod dampers and an adjustable ride height), AP Racing brakes, and bespoke Cooper tires.

While the SP/300.R was designed for a one-make racing series, which is scheduled to start in 2012, the company is considering the feasibility of a street-legal variant.

According to Ansar Ali, managing director of Caterham, "Motorsport is not only part of the history of Caterham, it's been the lifeblood running through the character of our vehicles - race cars for the road." He continued, "Today, racing is not only the heartbeat of the business, it's an intrinsic part of our fabric both here and abroad and the SP/300.R represents the next logical step in the development of our product offering."

Production will be limited to 25 units annually and pricing starts at £60,000.

Check out the press release for additional information