McLaren have just announced their intentions to launch a new car in 2015, the P13, aimed directly at Porsche’s 911 Turbo. Priced at around £120,000, the P13 will also be McLaren’s core sports car.

This sleek rival will come equipped with a mid-engine, RWD, 3.8-L twin-turbo V8, churning out 450 bhp. It’s the same engine used in the 616 bhp 12C and the 727 bhp P1, although de-tuned. The power will be sent to the wheels via a Graziano seven-speed duel-clutch drive, hauling the P13 to 62 mph in 4.0secs.

McLaren chief Ron Dennis confirmed at the Geneva Motor Show that it was their smallest model below the 12C supercar and P1 Hypercar.

The initial concept was aimed to slot in between the £100-£150,000 price range, with the 911 Turbo in mind as its competitor. McLaren’s views on the car market are that there aren’t enough sports cars available within this price range, so the small P13 fits in perfectly to make up their 3-car line-up.

The McLaren chief is right: The Porsche 911, Audi R8 and Aston Martin all come in below the £100,000 mark, and if you aim for the Ferraris, Lambos, and the Mercedes SLS, you will pay deep into, if not significantly over, the £150,000 mark.