It’s time to check that balance and see if you can take out another mortgage on your house, because the legendary Lancia Stratos is making a comeback, in a modern form.

However, the car won’t actually be built by Lancia themselves, but by Manifattura Automobili Torino (MAT) and New Stratos Gbr, both aiming to bring it to the 2018 Geneva Motor Show.

Production will be limited to 25 units, unlike its iconic predecessor, which was made in 492 examples from 1973 to 1978. Still, it will stay true to the classic model in terms of exterior and interior design, and it will have a similar footprint.

Powering it will be a new engine that can generate in excess of 550 horsepower, which will probably be mated to an automatic gearbox, but that’s all MAT was willing to divulge about it so far.

Its estimated starting price will reportedly stand at around £600,000 ($835,000), in the United Kingdom, which is some $300,000 more than what the original Lancia Stratos usually sells for.

The new car was actually previewed by a concept, back in 2010, designed by Pininfarina, and based on a modified platform of the Ferrari F430 Scuderia. It was powered by the same engine as the Italian supercar, making 532hp, but one year later, the Prancing Horse banned the coachbuilder from putting it into production with these underpinnings and powertrain, and since Pininfarina didn’t want to do it without Ferrari’s blessing, the project was shelved.

This means that the new Stratos will use a different architecture and engine, with the former to be used in other vehicles as well, according to the official announcement: “The base platform that MAT will use will allow the creation of a GT racer, a Safari version, and a competent supercar for the daily use.”

While this new Stratos won’t use the ‘Lancia‘ name, it still promises to “deliver an experience that no other supercar can assure on tight and twisty roads”.

Note: 2010 Lancia Stratos Concept pictured