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Hot Ford GT to be priced about $400,000

Alisa Priddle
Detroit Free Press
The new Ford GT concept at its unveiling at the Detroit Auto Show in January.

The Ford GT super car will cost about $400,000 when it goes on sale in the second half of 2016.

And the automaker will only make about 250 a year, Dave Pericak, director of Ford Performance, confirmed at the Geneva auto show.

Pericak told reporters the mid-engine two-seater will cost about the same as a $400,000 Lamborghini Aventador.

Ford unveiled the Ford GT concept at the Detroit auto show and announced it would go into production next year.

Since then, the automaker has said the car which has a carbon fiber body will be almost hand-built in by private coachbuilder Multimatic in Markham, Ontario, Canada, near Toronto.

The new Ford GT concept at its unveiling at the Detroit Auto Show in January.

It is designed to be a halo vehicle to showcase Ford's performance and technological prowess. The last GT was discontinued in 2005 after two years. It was priced at $150,000 but those cars -- only about 4,000 were built -- have increased in value since it went out of production.

The automaker has said it will introduce 12 performance vehicles by 2020. So far it has shown the GT, Mustang Shelby GT350 and GT350R, Fiesta ST, Focus ST, Focus RS and F-150 Raptor pickup.

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