Aston Martin has announced it will join forces with Red Bull to create the ultimate hypercar.

Aston Martin has announced it will join forces with Red Bull to create the "ultimate hypercar."

The two companies have confirmed a long-term technological relationship that will result in a “ground-breaking Aston Martin hypercar” in the coming years. To celebrate the Innovation Partnership, Red Bull’s RB12 Formula 1 car will carry AM’s wings logo throughout the 2016 season, making debut at this weekend’s Australian Grand Prix at Albert Park in Melbourne.

Codenamed Project AM-RB 001, the new hypercar will be designed by Adrian Newey, Red Bull Racing’s chief technical officer, and Marek Reichman, Aston Martin’s design chief since 2005. It will represent “the ultimate blend of cutting edge F1 technology with Aston Martin’s signature sports car design,” according to the British luxury manufacturer.

“Formula One offers the ultimate global stage to build wider awareness of the Aston Martin brand,” Aston Martin CEO Andy Palmer commented. “However, this partnership will deliver even more than that when the hypercar that Aston Martin and Adrian Newey are in the process of developing hits the road.”

“This is a very exciting project for everyone at Red Bull Racing,” Red Bull Racing team principal Christian Horner added. “Through this Innovation Partnership the iconic Aston Martin logo will return to grand prix racing for the first time since 1960, and Red Bull Advanced Technologies, led by Adrian, will be harnessing our Formula One DNA to produce the ultimate of all road cars.”

Official details are scarce at the moment, but reports suggest the hypercar will feature a mid-mounted hybrid powertrain, combining a newly-developed internal combustion engine with electric motors and F1-inspired kinetic energy recovery system (KERS). Aston Martin will produce only a handful of copies with each of them carrying a price of more than $2.4 million.

Source: Aston Martin