First 2017 Ford GT bound for Ford Chairman Bill Ford, second to CEO Mark Fields

Ford Motor Company [NYSE:F] on Friday announced that the first examples of its new GT supercar had been completed and would be on their way to customers before the year is out.

It turns out that the very first example is bound for Ford Chairman Bill Ford Jr. And the second car off the line is headed for Ford CEO Mark Fields.

The information was confirmed to The Detroit News by Ford but the automaker wasn’t willing to reveal what color the cars were finished in. A black example with orange stripes was shown in publicity shots.

Production is being handled by Canadian motorsport and engineering outfit Multimatic, based in Markham, Ontario. The company is an expert in carbon fiber construction and has built a number of limited edition supercars including Aston Martin’s One-77 and Vulcan models.

Ford has confirmed that the GT will be in production for at least four years. The car will be produced at a rate of 250 cars per year for the first two years. It’s likely the same will be true for the remaining two years so in total there should be at least 1,000 cars up for grabs. More than 6,000 people applied in an initial round of applications for the first 500 cars—this despite a starting price in the mid-$400,000s.

Of course, that figure could turn out to be a bargain, especially given the present mania in collector cars. The new GT already has racing credentials, having won the 2016 24 Hours of Le Mans in the GTE Pro class—50 years after the GT40 won overall at Le Mans. And it’s also an impressive design, though we still don’t have any performance numbers to report on.

It has all the typical supercar cues: a mid-mounted engine, rear-wheel drive, and a sleek, aerodynamic body. But instead of the typical V-8 engine found in most American performance cars, including the previous model, the new GT is packing a twin-turbo V-6 engine pegged at more than 600 horsepower. The transmission, meanwhile, is a 7-speed dual-clutch transaxle.

There’s also advanced construction.  The passenger cell is carbon fiber, the body panels too—and the front and rear subframes are aluminum. The GT is also fitted with active aero features like a deployable rear spoiler. Stopping power comes from carbon ceramic discs.

As for the driver and passenger, the GT’s canopy is small, so interior space is at a premium. That’s on purpose, Ford says, as it keeps the frontal area small and the lines sleek. The doors swing upward, and the seats are built right into the body. Don’t worry, the pedals and steering wheel are adjustable.The instrument cluster is digital and configurable for multiple driving environments including Track and Vmax modes. And finally, an F1-style steering wheel integrates all necessary driver controls, creating a stalk-less steering column that allows uncluttered access to the transmission paddle-shift controls.

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