Red Bull F1 team and Aston Martin unveil AM-RB 001 hypercar

Newey, behind 10 world championship winning cars in an F1 career spanning nearly 30 years, has previously said he has achieved the second of his childhood goals by working on the project.

He worked with Aston Martin chief creative officer Marek Reichman and chief special operations officer David King to create the car.

The full AM-RB 001 specification was not released however it will be powered by a naturally aspirated V12 engine and its carbon fibre construction is expected to give it a power to weight ratio of 1:1.

"I've long harboured the desire to design a road car," said Newey.

"The formation of Red Bull Advanced Technologies brought me a step closer to realising that ambition, but I believed we should work with an automotive manufacturer.

"Aston Martin was at the top of my list, I've always been adamant that the AM-RB 001 should be a true road car that's also capable of extreme performance on track, and this means it really has to be a car of two characters.

"That's the secret we're trying to put into this car - the technology that allows it to be docile and comfortable, but with immense outright capabilities."

Red Bull's Daniel Ricciardo said he hoped to get involved in the development driving of the new car.

"Today is the first time I've seen it," he said.

"I've seen some brief sketches, but nothing close to what I've seen now.

"I'm pretty excited, I'd love to participate in some development if I could.

"I still can't believe it's going to be on the streets. It looks like a pretty amazing race car."

Team boss Christian Horner added: "The conception and modus operandi of Red Bull Technologies has been to apply our expertise to truly progressive projects and partnerships.

"Our relationship with Aston Martin and the realisation of the AM-RB 001 is pioneering and borne of our synergies and desire to break new ground.

"The AM-RB 001 is the inspirational product of this collaborative spirit."