Caterham has revealed new details about its Caterham Seven 160, including the price.
The new car will cost from £14,995 in kit form, rising to £17,995 for a ready-built model.
The 160, which has been named in reference to its approximate power-to-weight ratio, is powered by a Suzuki-built 660cc, three-cylinder turbocharged engine – the smallest and most efficient engine ever to power a Seven. It develops 80bhp and 79lb ft of torque.
The 160 can accelerate to 60mph in 6.5 seconds and has a top speed of 100mph.
Caterham says the new model has been designed for maximum weight saving and pays homage to the ultra-lightweight credentials of the original Lotus Seven.
The new model will be badged as 160 in the UK, but 165 in European markets. The naming strategy is an attempt to emphasise the engine's Euro-V compliance. A spokesman confirmed that while power will be unchanged, European models will be subject to a small number of minor modifications to meet legislative standards in other markets. The move follows a new naming standard for Caterham models, in which European models will end in '5'.