Impossible you say? Likely. But the designs produced by the challenge are interesting, using outlandish or unique materials, drivetrains, and body styles.
Particularly interesting is the list of participants: General Motors, Honda, Mercedes-Benz, Mazda, Nissan, Calty, and Volvo. Mercedes-Benz has three studios entered in the contest, one each from Germany, North America, and Japan.
Check out page two for the official description of each studio's entry. Our early favorite? Mazda's MX-0, which aims to create a mechanically simplified MX-5-like vehicle powered by high-torque electric motors that deliver "impossible acceleration and instant cornering."