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Australia is about to produce a new lightweight supercar that's set to debut at a pretty compelling price point. The car is a revival of the Nagari, which was produced in Oz back in the '60s and '70s. All of the usual supercar components are present and accounted for, including the abundant use of carbon fiber, twin Recaro seats and a Momo steering wheel with a flappy-paddle gearbox, as the Brits would say. That transmission is hooked up to a Toyota-sourced 3.5-liter V6 engine mounted amidships that powers the rear wheels.

The motor's a bit short on power at 295 horses to be considered supercar caliber, but it's pushing around just about one ton of car, so the power to weight ratio is actually quite good. The price? About $200K in Australian bucks, which converts to about $130,000 USD, though dollar conversions are always a bit problematic. That strikes us as a decent deal, and those who agree and place their refundable deposits will get a first drive early in 2009.

[Source: Go Auto via World Car Fans]