Three versions of the car will be made - a GT racer, a Safari version and what the brand calls 'a comptetent supercar for the daily use'. The second of these is likely a rally-inspired version - another throwback to the car's motorsport heritage.
At 4181mm long, 1971mm wide and 1240mm high, it's considerably larger than the original Stratos, and is 267kg heavier, at 1247kg. These dimensions make it the same length as the Audi TT, although it's considerably wider and lower to the ground, weighing around the same as the TT 1.8.
The car's 4.3-litre V8 powers it to 62mph in 3.3sec and on to 124mph in 9.7sec, with a top speed of between 170mph and 205mph. Weight is kept down thanks to carbonfibre bodywork, while the weight split is 44% front, 56% rear.
It was commisioned by billionaire German entrepreneur Michael Stoschek, chairman of car parts supplier Brose and a rallying enthusiast. The design was penned by Pininfarina, whereas the original Stratos was the work of Bertone.
The mid-engined design features the wedge profile, semicircular windscreen, side tanks, removable front and rear servicing hoods and engine-access hatch of the original.
The original concept was based on a cut-down aluminium spaceframe structure from a Ferrari 430 Scuderia and used that car's drivetrain. However, in 2011, Ferrari blocked Pininfarina and "any other Ferrari-dependent suppliers" from putting the New Stratos into production, prompting the car's designers to look elsewhere for a base.
MAT says that it has obtained from Stoschek "permission to replicate the New Stratos using the same design and technologies of his car".
The new car has similar dimensions to 3710mm-long original Stratos, with a similarly short wheelbase, and is claimed to have a "lightweight design"; the concept had a kerbweight of 1274kg.
The only detail revealed about the mechanicals thus far is that the engine produces 542bhp, while pictures show the steering wheel-mounted shift paddles of an automatic gearbox. The concept's Ferrari-sourced 4.3-litre V8 produced 532bhp.
The New Stratos's stripped-back interior mirrors many features of the original's, including an integrated roll cage and door compartments for driver and passenger helmets.
Stoschek said: “I am delighted that other passionate car enthusiasts will be able to experience how the successor to the most fascinating rally car of the 1970s still sets the bar for design and performance”.
MAT's portfolio includes the Apollo Arrow and Scuderia Cameron Glickenhaus SCG003S. The company, which designs, engineers and builds one-off and limited production luxury and racing models, is headed up by its founder, Paolo Garella, who previously worked for Pininfarina and has been involved with more than 50 bespoke car projects over the past 30 years.
Prices start at €550,000 (around £487,000) for the car, minus the cost of the Ferrari F430 donor car. First deliveries are in April 2018, and right-hand drive cars will be made, if a customer orders one.