The Essen Motor Show is now underway, and one of the bigger manufacturer unveilings was Audi's official presentation of the Audi R8 LMS, the new GT3-spec racing car aimed at privateer teams. It's seen as one of Audi's so-called "three pillars" of motorsport. The automaker will not field a factory effort in the car, but it's expected that next year, several teams will be running the Audi R8 LMS in various European series, as well as in the Nurburgring 24-hour endurance race. The €260,000 (plus VAT) asking price gets you the track-ready Audi R8 LMS, which makes 500 horsepower from its mid-mounted V10. That power goes to the rear wheels (in GT3, AWD is a no-no) via a six-speed sequential gearbox. As you can see, the LMS certainly looks the part , with a subtly meaner nose, a big carbon-fiber front splitter, new mirrors, a giant rear wing, and a pretty wicked rear diffuser join the ten-cylinder engine among the changes made from road car to racer. Customer deliveries begin in Fall '09.