Aston Martin to Build New Hypercar to Beat the World's Fastest

That's the goal but can they overtake Bugatti and Ferrari?

The AM-RB 001.

Source: Aston Martin

Aston Martin Lagonda is teaming up with Red Bull Racing to build what may become the world's fastest production car.

Codenamed AM-RB 001, between 99 and 150 vehicles are set to be produced, including 25 track-only versions. Few specifications have been announced, but the latest model will be expected to compete alongside recent offerings from Bugatti and Ferrari for the attention of the super-rich. How fast it can go, and what it will cost, weren't disclosed.

The partnership with Red Bull Racing comes after the carmaker said in February that the company would team up with LeEco of China to break into the electric car market, and plans to build a new 90-acre vehicle assembly facility in St Athan, Wales. The brand is pushing to double sales and restore profitability by 2018.

"I knew Red Bull Racing had the ability to handle the pure performance aspects, but Aston Martin’s experience of making beautiful, fast and comfortable GT cars is of great benefit to the project," Red Bull Racing's chief technical officer, Adrian Newey, said in a Tuesday statement.

Production will take place at Aston Martin's Gaydon facility in the U.K., the birthplace of the company's original hypercar, the One-77.

AM-RB 001 Hypercar.
AM-RB 001 Hypercar.
Source: Aston Martin

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