Ford Motor Company has unleashed the Ford GT Mk II Supercar on the Fourth of July. The track day-only iteration of the second generation Ford GT is the most powerful Ford GT ever.

The Ford GT Mk II will also be the rarest and most expensive version of this supercar that won the top three places at Le Mans in 1966. Ford will sell each Ford GT Mk II for $1.2 million and build just 45 of these magnificent machines.

The Ford GT Mk II isn’t street legal. That’s why it’s a track-only car designed to barrel down race tracks at full speed with its 700 hp motor screaming its head off.

Ford is advertising this beast as one with “No rules. No regulations. No limitations.”

The GT Mk II was designed to do one thing really well -- go fast, really fast. And this means doing away with the usual heavy stuff found on street-legal racers such as air bags and a passenger seat.

The supercar’s 3.5-liter turbocharged engine generates 53 horsepower more than the "standard" Ford GT road car and 203 horsepower more than the Le Mans-winning Ford GT race car.

"The GT Mk II unleashes the full performance potential of the Ford GT without any artificial performance limitations dictated by racing sanctioning bodies," said Hau Thai-Tang, Ford chief product development officer.

"It's the closest GT owners can get to the Le Mans-winning performance and exhilarating feeling of crossing the finish line in the Ford GT race car."

Ford said the GT Mk II was designed to prove what the Ford GT can be if all restrictions for street use or racing requirements are removed.

Ford GT Mk II
Ford GT Mk II track-only supercar Ford Motor Company

Say goodbye to different driving modes (Normal, Sport or Track). Bid adieu to the sexy ability to change ride height to suit those various modes. The GT Mk II rides at a road-hugging height all the time for more aerodynamic efficiency. The car's seven-speed transmission is tuned for aggressive track driving.

Saving weight was also a priority in crafting this supercar. The driver gets a specially designed racing seat with a six-point harness. The GT Mk II has no airbags to save weight. It also has the stronger brakes of the road-legal Ford GT rather than those used on the race car.