The audience at the North American International Auto Show on Monday in Detroit stood speechless as Ford unveiled its newest GT, a carbon fiber supercar with race-proven technology and sleek design.

In their bid to "redefine innovation" in aerodynamics, the company offers the public its latest vehicle that has the "most powerful EcoBoost production engine ever," as cited in Ford's press release.

"As we at Ford drive innovation into every part of our business, it's worth remembering that our first innovation as a company was not in a laboratory, but on the racetrack," announced Ford President and Chief Executive Officer Mark Fields, encouraging the audience to recall Henry Ford's victory in a 1901 car race that prompted financial backers and other businessmen to devote capital to his growing company.

The GT supercar will showcase a next-generation twin-turbocharged EcoBoost V6, which can produce more than 600 horsepower. It also features a "rear-wheel drive, a mid-mounted engine, and a slee, aerodynamic, two-door coupe body shell."

It is made up of lightweight materials, such as carbon fiber and aluminum. These materials will contribute to the superb acceleration capacity and upgraded handling of the vehicle.

"The GT is the ultimate execution of an enthusiast supercar," described Ford Group Vice President for Global Product Development Raj Nair. "GT includes innovations and technologies that can be applied broadly across Ford's future product portfolio - another proof point that Ford continues raising the performance bar while ultimately improving vehicles for all of our customers."

The supercar was launched to commemorate the 50th anniversary of the triumph of the original GT40 during the 24 Hours of Le Mans in 1966. It is the first Ford GT for more than a decade.

The new GT will be available on the market by late next year as stated by Ford Executive Chairman Bill Ford. The supercar will first be sold in the United States before the global release.The price range has yet to be announced, but reports indicated that the GT's price will fall within the range of the other supercars such as the Lamborghini Gallardo, which is priced at $200,000.