De Tomaso has revealed that it will move its core operations to the United States and build the gorgeous P72 locally.

In a press release, De Tomaso says development of the P72 has continued throughout the pandemic and plans to move its core production, design and corporate facilities to the United States. It is already holding discussions with multiple U.S. states to serve as potential locations for its facilities and expects to make a formal announcement about these locations in the coming six months.

Read More: De Tomaso P72 To Be Powered By A 700 HP Supercharged Ford V8

“We don’t come to this decision lightly,” the company added. “Driven by the void we’ve seen over the past several decades, powered by our passion and what we see as our responsibility, this notion has been under consideration and part of our long-term plan for quite some time. De Tomaso has always been known as a bold European-American brand and this marks the next chapter of our historic journey.”

Production of the De Tomaso P72 should start in the U.S. during the fourth quarter of 2022.

The P72 was unveiled in the middle of last year and because the company is owned by Ideal Team Ventures, which also controls Apollo Automobili, the P72 shares its carbon fiber monocoque with the Apollo IE. However, whereas the IE features a screaming, naturally-aspirated V12 engine, the P72 has a Ford-sourced supercharged 5.0-liter V8 that has been developed with Roush. The company is targeting over 700 hp and more than 606 lb-ft (825 Nm) of torque and says the V8 will be mated exclusively to a six-speed manual transmission.

Production will be capped at 72 units with prices starting from €750,000 ($888,363 at current exchange rates).