The McLaren F1 is the current holder of the "fastest production car in the world" title, but only because other capable competitors, for some reason or other, haven't yet been subjected to a top speed test. Manufacturers have been chasing this title for years. There was once a time when the 352 hp Lamborghini Miura was the world's fastest production car, with its V12 engine powering it to 170 mph back in 1966. A current-generation 350 hp V8 Corvette can best this figure nowadays, at a cost of only about 40 grand. More recently, the Porsche 959 held that title back in 1987. Powered by a 450 hp twin turbo six cylinder engine, it reached a top speed of 197 mph. By 1992, Jaguar had entered the game and a 542 hp V6 turbo powered its XJ220 to an official 212 mph, becoming well-known as the fastest street-legal production car at the time. Then, only a year later, McLaren burst onto the scene and took the title without much effort, jetting away to speeds in excess of 220 mph.