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Mercedes-Benz has confirmed that it is working on a new mid-engined hypercar, to be launched under the Mercedes-AMG performance brand in 2018.

The new model was confirmed by the company's head of research and development, Thomas Weber - who is due to retire at the end of this year - on the eve of the Paris motor show.

"I am very excited to officially confirm: our next big thing at AMG is already in the pipeline," said Weber. "We are going to create an AMG performance hybrid featuring our Formula 1 drivetrain technology. Under the lead of AMG, our performance companies will join forces and create the most efficient and, at the same time, the best-performing and most spectacular AMG of all time; some might even call it a hypercar.

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