There has been a lot of speculation about Mercedes' new sports car and a recent report is indicating it will be called the AMG GT.

There has been a lot of speculation about Mercedes' new sports car and a recent report is indicating it will be called the AMG GT.

Set to replace the SLS AMG, the AMG GT - which was previously known by its C190 codename and SLC nickname - is designed to compete with the Porsche 911. It will reportedly ride on a version of the SLS AMG's platform and be significantly cheaper than its predecessor.

Engine options remain unconfirmed but speculation suggests the model will be powered by a twin-turbo 4.0-liter V8 that has outputs of 485 HP (357 kW) and 550 HP (404 kW). There have also been rumors about a range-topping Black Series variant with up to 585 HP (430 kW).

The AMG GT coupe is expected to be launched in 2015 and a convertible variant is slated to arrive shortly thereafter.