The highly-anticipated McLaren F1 successor, dubbed the P12, will reportedly be unveiled in less than a year.

According to CAR, the model will have dramatic styling with a double-bubble roof and a canopy-like greenhouse. As one source noted, it looks "like something out of iRobot."

Contrary to previous reports, the magazine says power will be provided by a twin-turbo 3.8-liter V8 engine with 800 hp (597 kW / 811 PS). It could be backed up by a kinetic energy recovery system (KERS) that can give the supercar short bursts of added performance.

The car is also slated to ride on a carbon fiber monocoque chassis which is similar to the one used on the MP4-12C. However, the P12 is expected to lighter and more advanced.

Pricing will reportedly start at €750,000 ($962,700 / £623,921), so start raiding those hedge funds.

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