In December 2010, McLaren announced that they would produce a small number of MP4-12C cars in order for them to compete in the FIA Group GT3. McLaren stated that they will provide maintenance for the cars and will begin racing in 2012 with the CRS Racing team. In March 2012, McLaren readied 25 MP4-12C GT3 cars for a full racing season in the 2012 FIA GT1 World Championship. Compared to the road car, the MP4-12C GT3 produces less power with only 493 bhp (368 kW; 500 PS) due to homologation. The car features a new bespoke six-speed gearbox that is 80 kg (176 lb) lighter than the road car's seven-speed, developed with Ricardo. The steering wheel is lifted from the McLaren MP4-24 Formula 1 car.