The AMX/3 was an experimental mid-engine car built by American Motors to evaluate the practicality of building an exotic sports car for the American market. Designed by Richard Teague and derived from his 1969 AMX/2 prototype, a total of 5 AMX/3 coupes were constructed by the Italian firm of Bizzarrini, which also helped to develope certain Ferrari, Alfa Romeo and Iso models. The AMX/3 was powered by a 340-hp, 390-cid AMC V-8 engine. Though built of steel, weight was low and the cars were capable of a top speed in excess of 160 mph. The AMX/3 won public acclaim, but AMC executives declined to pursue the project because of low anticipated sales due to a high $12,000 projected price.