Pininfarina has said it is proceeding with plans to launch the H2 Speed Concept that the design powerhouse had first showcased at Geneva earlier in the year. The announcement to this effect comes from none other than Pininfarina CEO Silvio Pietro Angori while speaking to Automotive News at the 2016 Concours d'Elegance.

Sitting on a Le Mans Prototype 2 racing chassis, the H2 Speed will be homologated for FIA competition, which makes the hyper car fit for race tracks only and can't be driven around on the streets. As CEO Silvio Pietro described, the car is being positioned as "a racing car for gentleman drivers."

A pair of electric motors will be providing the automotive power, with no less than 503 hp channelled to the rear set of wheels. The site also mentioned that its GreenGT, the Europe-based manufacturer of green powertrains would be supplying the running gear for the H2 Speed. No performance figures have been cited so far though with that many horses on tap, the H2 Speed is expected to return respectable times after all.

The production run will comprise of just 10 units with each costing around $2.5 million. Company sources indicated the first working prototype is expected to be ready by around early 2017. Further, it should take another about 12 - 14 months for the final production models to emerge.

It has only been end-2015 that the famed design house has seen its reigns being taken over by the Indian industrial giant Mahindra. With most automakers now setting up their own design and R&D center to cater for their specific requirements, specialised designing firms like Pininfarina has seen its credibility dwindle over the years.

Under the circumstances, it's good to see Pininfarina pushing ahead with the design and development of the H2 Speed. The firm also stated they have buyers lined up for the car and intends to make a profit out of it.

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