On June 23 - 26, it will be Michelin's Goodwood Festival of Speed. It has been confirmed that the new Mercedes-AMG GT R will be making its debut during that time.

Michelin has since withdrawn the announcement since it seems to have made the statement too early. For now, the press release has stated the following: "details of product debuts and special appearances will be confirmed in future announcements."

Fortunately, reports have already surfaced of the details that were briefly available. Overdrive reported that the new avatar should have improved from its predecessor's 4.0-litre turbo V8 petrol by a power boost of 67HP from the original AMG GT S. Although Mercedes has not confirmed the numbers for the R model, the unit should total around 570HP.

As for aesthetic changes, a new Panamericana front grille has been included, as well as a carbon-fiber rear wing. Auto Blog added that the new unit is also expected to have bigger front air intakes and a different set of wheels. The publication also expects a more track-oriented suspension tune, bigger breaks and some weight reduction.

AMG officer Tobias Moers has warned car enthusiasts, however, that their new GT R was built with more than just speed on the team member's minds. As reported by Yahoo, one of the company's main goals was to balance driving dynamics with extra speed added onto the unit.

The GT R is expected to be available for purchase in the U.S. by the summer of next year and should be upward of the GT S's pricing of $130,825.

The Goodwood Festival of Speed is an annual hill climb featuring racing vehicles held in West Sussex, England. It was founded in 1993 in an attempt to bring racing back into the grounds of the Goodwood Estate, which is full of British racing history.