Company founder, John Hennessey, is careful to point out that the Venom GT is not being built as a "Veyron Slayer". He boasts that unlike the Veyron, which he described as "an ultra fast and ultra luxurious grand touring car that also happens to be quicker and faster than any other road car," the Venom GT "will be a much more engaging sports car to drive by challenging the driver with 1000+hp in a chassis that is nearly 680kg lighter."
The car still hasn't been given the green light but initial interest has been strong. According to Hennessey, there have already been several orders for the car including some from existing Venom 1000 Twin Turbo clients. There are currently plans for two separate concepts, the first of which could be shown to the public in 2009. If there is enough demand production will start at the company's Lonestar Motorsports Park facility just outside of Houston.