The Noble M500 has been revealed at the Goodwood Festival of Speed as the brand’s new entry-level model.

At launch, it will have around 550bhp, coming from a twin-turbocharged Ford V6 - the same unit that is used in the F-150 and GT. This leaves a gap of around 110bhp between the M500 and the M600, which was introduced in 2010.

The transmission is a DSG dual-clutch automatic unit, and the car is expected to be rear-wheel drive. It's pitched as a more road-friendly model than the M600 - more akin to the McLaren 570GT than the 570S.

Noble company director Peter Boutwood penned the design, which takes a step away from the M600’s squarer lines, following other modern supercars with a slippery shape and flying buttresses.

The model on display at Goodwood is not a working prototype, but a full-sized model without an interior. Boutwood describes the M500 as being in the early stages of development, so it’s likely that the car won’t reach production until well into 2019.

Boutwood hopes that it can heavily undercut the M600’s circa-£300,000 asking price and that greater volume can be achieved with this lower entry point. This is not set in stone until further down the production process, though.

The M500's body will not be made from carbonfibre, like the M600's, but fibreglass.

The M500 is likely to weigh around the same as its 1250kg sibling, although its focus on everyday usability could mean that comfort features bring the weight up.

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