Mercedes motorsport boss Toto Wolff says the early data from AMG's new F1-powered hypercar gives him goosebumps.

AMG confirmed the project was going ahead at the recent Paris motor show, with the car already in development based around Mercedes' F1 V6 turbo power unit. The car is expected to be all-wheel drive and is likely to have in excess of 1000bhp from its modified F1 engine.

But Wolff was keen to point out that the power unit will be entirely based on the current F1 engine and not just a normal production engine with F1-style technology added on.

"It's awesome that we have finally put an F1 engine, a real F1 engine, in a real road car -- this is not F1-like technology," Wolff said.

"Real F1 technology in a road car is quite a difficult technical exercise if you imagine all the cooling that is necessary, but the data I have seen gives me goosebumps. So it's really good."

The car is expected to be revealed next year to mark the 50th anniversary of AMG.