LUXURY British manufacturer Bristol Cars has unveiled its first new model in more than a decade.

The Bristol Bullet is a handmade two-seater built to celebrate the founding of the company 70 years ago.

The firm described it as “a sublime British sports car” that will cost “under £250,000”.

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Its top speed is 155mph and it can accelerate from 0-62mph in just 3.8 seconds.

Carbon fibre composites are used for the body to give it strength and rigidity while minimising weight. It has a V8 Hercules engine manufactured by BMW.

A touch screen is embedded in the dashboard and there is even a button to provide direct access to the manufacturer’s only showroom in Kensington, west London.

The Bullet was developed under the codename Project Pinnacle after a prototype was discovered hidden under a dusty tarpaulin in a factory.

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Julian Ramshaw, general manager of Bristol Cars, said: “The discovery of the prototype at the factory provided us with the perfect way to celebrate the 70th anniversary of this this incredible marque. Open top, highly luxurious, lightweight and full of torque, it really is the ultimate driver’s car.”