US sportscar manufacturer Scuderia Cameron Glickenhaus LLC has revealed that it plans to compete in and win the 24 Hours of Le Mans by unveiling the SCG007 LMP1 concept.

Motorsport is expensive, and governing bodies have been trying to keep the rising costs under control to make it more accessible to smaller teams and individuals. According to SCG, if the FIA and ACO (the organisers of Le Mans) can agree to new regulations that are supposed to attract manufacturers to race in the World Endurance Championship (of which the 24 Hours of Le Mans is the grand attraction), then it will contest the event in 2020.

The new rules will see prototypes use a hypercar design, with four wheel drive and hybrid powertrain. The new class will also look more like the high level supercars that you’d be able to buy or order at a dealership (much as it used to be in the 1950s and 1960s, instead of outright racers that are not road-legal. The new rules also mean that teams with smaller budgets would be able to compete.

“SCG will operate at cost for this program and will fund it no matter what, even if it’s just one car racing against the world,” the company posted on social media.

No technical details regarding the SCG007 LMP1 have been released, but it seems that pricing will be at around the $1 million USD (R13 million) mark, and that 25 road-going versions will be built.

Owner of SCG, film producer and car collector, James Glickenhaus has long tried to replicate the success of other legendary American racers, but has been unable to find an outlet for his cars except for the 24 Hours of Nurburgring, where an SCG003 qualified in pole position at the 2017 race.

“This is for America. For Briggs (Cunningham), Carrol (Shelby) and Jim Hall. It’s been 50 years since a car built in America finished First Overall at Le Mans. We aim to change that.”