Ares Design finally has its Panther ready. Codenamed Project 1 because it launches the Italian coachbuilder’s Legends Reborn series, the Panther prowls as a modern interpretation of yesteryear’s DeTomaso Pantera. Based on an all-wheel drive Lamborghini Huracán, the Panther does well to mimic the fat-back wedge of the original, and restores pop-up headlights to the 21st century performance cars.

The specs go some way beyond DeTomaso’s effort. Thanks to an ECU tune, sports catalytic converters and a new exhaust, the 5.2-liter V10 is rated at 650 horsepower and 443 pound-feet of torque. That’s 300 hp and 110 lb-ft away from the Ford-sourced 5.8-liter Cleveland V8 in the 1988 Pantera GT5 S. It’s also 20 hp beyond the current Huracán Evo. The bodywork’s been spun from carbon fiber, yielding a 3,138-pound dry curb weight, which is 91 pounds more than the Huracán Performante, four pounds more than the Evo version.

Six-piston Brembos up front and four-piston units in back clamp carbon carbon ceramic discs behind a sweet set of staggered bronze wheels, 20 inches ahead, 21 inches astern. Those brakes will come in handy considering the 202-mph top speed.

The interior can be dressed up any way an owner wishes, naturally. The demo model smothers the Lamborghini interior in even more carbon fibers, leather, Alcantara and cross-stitching.

Ares Design will build only 21 Panthers, with first deliveries in May. The conversion takes three months, the price opens at 615,000 euros before options, or $696,300 in U.S. specie. None of those figures have any bearing on you, though, because all 21 build slots have already been paid for. So enjoy the gallery.