Sealy, Texas-based Hennessey Performance has introduced an open-top version of its 1200 hp Venom GT for the low price of just $1.1 million. Yes, $1.1 million. And yes, 1200 hp. Built on a chassis developed in conjunction with Lotus, the Venom GT Spyder is powered by a twin-turbocharged version of the 6.2-liter V8 from the Chevrolet Corvette. Weighing in at just over 2,600 pounds, it can accelerate to 60 mph in 2.5 seconds, and 200 mph in a scant 15.9 sec. A top speed run has not yet been attempted, but Hennessey estimates that the Venom is capable of hitting 275 mph. That’s seven mph faster than the world-record holding $3 million Bugatti Veyron Super Sport, which also has 1200 hp.