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Ford wrapped up production of its already-iconic 2005 Ford GT supercar over a decade ago. However, the carmaker apparently still had some unused chassis, 30 in number, stowed away in climate-controlled storage, never fully assembled. And now, a Michigan-based startup, GT1, has acquired those leftover parts and is using them to build a limited run of continuation-style race cars.

The new car, appropriately dubbed the “GT1,” too, is being developed as a track car, and its Ford chassis is just the start. The Michigan company has also obtained some original body molds from Matech Concepts, the auto-racing development firm that once built and raced GT1 and GT3 variants of the GT under an agreement with Ford.

The molds will help ensure the GT1 carries over the general profile of the 2005 Ford GT while incorporating several enhancements. There will be a huge wing and an adjustable body kit to maintain the balance between downforce and drag. The car’s pièce de résistance, however, is undoubtedly the engine.

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The company has teamed up with Roush Performance to develop the bespoke Roush-Yates RY45, a 7.0-litre V8 bolstered by a pair of Garrett G35 turbochargers. The powerplant can rev to an ear-splitting 9,000 rpm, cranking out over 1,500 hp to the rear wheels. That’s about 300…