Gordon Murray has confirmed he's starting a new low volume car manufacturing company, and its first product will be inspired by the McLaren F1.

The first vehicle to be produced by Gordon Murray Automotive will be a "flagship model" that sees a "return to the principles applied to the McLaren F1".

Like other low volume vehicles to be produced by Gordon Murray Automotive, the sports car will "buck the current trend for ever more complicated and heavy vehicles", and will be based on the latest version of the iStream "revolutionary automotive production system".

"The new manufacturing business significantly expands the capabilities of our group of companies. With our first new car, we will demonstrate a return to the design and engineering principles that have made the McLaren F1 such an icon,” Murray said of the plans.

The iStream production concept was originally demonstrated on high efficiency city cars, but a sportier iteration was recently revealed as the core of the TVR Griffith.

Above: McLaren F1.

More details of Gordon Murray's sports car will be announced at the One Formula exhibit, which kicks off on November 3.

The exhibition chronicles Murray's fifty years in the automotive business, and will include road and race cars penned by the famed designer.

2017 not only marks Murray's 50th year in the game, but also the 25th anniversary of the McLaren F1 entering production, and the 10th anniversary of Gordon Murray Design.