Porsche has officially unveiled the 918 Spyder at the Volkswagen Group night ahead of the Frankfurt Motor Show after several months of teasing the car. The hybrid vehicle – designed to challenge the McLaren P1 and Ferrari LaFerrari – features a mid-mounted, dry-sump-lubricated, 4.6-litre V8 engine that generates 608 horsepower. However, when combined with an additional trio of electric motors, the total system will sit at 887 hp – slightly less than those cars it seeks to compete with, but more than likely coming with a friendlier price tag. As a hybrid, the 918 Spyder performs well, able to generate speeds of up to 93 mph on electric power, with a drained battery able to recharge in 25 minutes. And it of course looks absolutely stunning. For more information, head to autoblog.com where you can peruse Porsche’s 11,000 word press release.