Last week, we brought forth details on Lotus' "Ultimate Consumer Track and Race Car" not knowing that the Lotus 125 would make a pre-appearance at the Mazda Raceway Laguna Seca during this past weekend's events. All that means is that we did not have to wait as long to get specific details on the lightweight, 650-kilogram F1-inspired limited edition race car. The Lotus Exos 125 features a a carbon fiber monocoque platform, ceramic brakes, and a carbon fiber suspension.

The new Lotus->ke49 Exos Type 125 race car is powered by a 3.5-liter Cosworth V8 engine that delivers a total of 650 HP and has a 10,300 rpm redline. The engine is mated to a F1-style semi-automatic transmission with steering wheel-mounted paddle shifters.

At the car's official launch, Stephen Wright said: "The reality is though, it is a very easy car to run and maintain. You don't actually need to have a big group of people to run the car, if you want to go to the track and have a track day yourself."

There will only be 25 units built each priced at one million dollars. The first 10 units will be delivered in the spring of 2011 and the other 15 units in the summer of the same year. Lotus also said that it will develop a training and racing program around the 125 model.

UPDATE 01/19/11: We've waited a long time for this day to come and now we're finally getting closer and closer. Word from Lotus is that the Exos Type 125 is finally ready to hit the track and will be making its test debut this week at the Autodromo Vallelunga Piero Taruffi in Italy. After it's test run in Italy, the car will then jet over to Abu Dhabi where it will be put through the paces by lucky customers at the Yas Marina Circuit. For a car that's limited to 25 units at $1 million a pop, we sure hope that all the hype behind it is worth the price of owning one.

Take a look at the video after the jump.