Italian supercar manufacturer Pagani Automobili S.p.A. announced its highly-anticipated entrance into the U.S. market today, earmarked with the release of its latest supercar, the Pagani Huayra. The company will begin selling the $1,400,000 supercar in the U.S. through a dealer network beginning in 2011.

The U.S. arrival of its high-styled Huayra allows stateside enthusiasts the opportunity to obtain a Pagani automobile in the U.S. for the first time, and bolsters Pagani as a major player in the world's largest automotive market.

The Huayra, which boasts a revolutionary design, state-of-the-art mechanics and 700 horsepower, is designed with aerodynamics of a wing in mind and considered to be the lightest sportscar in its class at 2976 lbs (1350 kg).

Pagani, a brand known for its intricate designs, meticulous craftsmanship and a never-ending quest for building some of the most exclusive and high performance automobiles in the world, has been long recognized as one of Europe's top supercar makers.

The company's previous model, the Zonda, received the 2001 "Car of the Year" award from British performance car magazine Evo and the 2002 "Performance Car of the Year" and "Specialist Manufacturer" awards from Car magazine and AutoCar respectively. The Zonda further cemented its status as one of the world's premier high-performance cars in 2002 and 2007 by setting the Nurburgring circuit record for road homologated cars; the Zonda R currently holds the lap record. Top Gear presenter Jeremy Clarkson crowned the Zonda R as the 2010 Car of the Year.

"We are thrilled at the opportunity to represent the Pagani brand in the United States and we look forward to the successful launch of the Huayra," said Horacio Pagani, the company founder. "This automobile is the result of five years of dedicated effort from the Pagani team and we see this as an unprecedented opportunity to continue expanding our vision of the future for the supercar industry."