The British-based Bloodhound project has secured new funding and is looking to go supersonic next October.
The current Land Speed Record -- 1277.98km/h (763.035mph), held by Andy Green and the Thrust SSC car -- has stood for 19 years but it looks as though it could soon change hands.
The Bloodhound Supersonic Car has been in development for a number of years and was initially set to attempt a new record in 2016 but everything was recently put on hold when the project ran into financial difficulties.
However, the team has confirmed that new partners have been sourced and that everything is back on track, for an October 2017 attempt in South Africa.
Project Director Richard Noble said, "This is probably the biggest moment in the Project's history. Before we could only see financially a few months ahead but now we can put our foot down and really go for it!"