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The Ascari KZ1 is a sports car made by Ascari. It can reach 200 mph (322 km/h). This car has a V8 engine with 4941 cc capacity, sourced from BMW. It can accelerate from 0 to 60 mph (97 km/h) in under four seconds, ranking it as a supercar. The car is named from the initials of Ascari's owner Klaas Zwart, a wealthy Dutch businessman. Only 50 Ascari KZ1 cars will be produced, making it among the most exclusive cars produced today; by comparison, 400 of the well-known Ferrari Enzo have been made. Each car is priced at £235,000 and requires 340 hours of handcrafting. Owners also receive the opportunity to drive the car at the Ascari-managed Race Resort Ascari in Spain.

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The KZ1 was also featured in November 2005 on the BBC television show Top Gear, where it set the 5th fastest lap time ever recorded on the show at 1 minute 20.7 seconds; currently, the KZ1 holds 10th place with the fastest record being 1:17.3 set by a Ascari A10. The History of Ascari is rooted in motor racing heritage; Inspired and named after Alberto Ascari (1918 - 1955) who was the first double world Formula 1 champion. Born in Milan, Italy, Alberto had racing in his blood, as his father Antonio Ascari was a talented Grand Prix racing driver in the 1920's racing in Alfa Romeos. Ascari Cars was established in Dorset, England in 1995. A dedicated team of race professionals set out to develop their first limited-edition super car, the Ascari Ecosse, which was launched in 1998. 

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Envisioning a new kind of brand concept, AscariRaceResort was created to give a feeling of freedom in which the race and "relax duality" of life is integrated into a personal, exclusive and exciting experience. In 2000 Ascari built a new facility in Banbury, to develop their second car, the Ascari KZ1, and to house Team Ascaris racing assets. For the first time the road-and-race side of the Ascari group came together in one place under one roof. 

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The Banbury factory highlights the Ascari philosophy, with modern state of the art production facilities housing all that is required to create a definitive world-class supercar. To complete the Ascari experience, in 2000 Ascari began to develop the first Race Resort in the world. Situated in a beautiful secluded valley in the south of Spain, visitors can experience a totally new concept, where both high-speed adrenalin and luxurious relaxation are on offer at a modern race circuit. Future projects include a luxury hotel for privileged guests.