The LOTEC C1000 is a one-off sports car, jointly designed, developed and built by German automotive manufacturers LOTEC in collaboration with Mercedes-Benz. It was originally conceived in 1994, and constructed in 1995 by request of an Emirati oil tycoon.[4] The 1000 in the name stood for the number of horsepower it produced.[5] It was powered by a twin-turbocharged Mercedes-Benz M117 V8 engine, capable of producing 1000 PS, which enables it to accelerate from 0-60 mph in 3.2 seconds, and was claimed to be able to reach a theoretical top speed of 268 mph.[6][7] It reportedly cost LOTEC between US$2.2 and 3.6 million to develop the car.[8][9]