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NEW YORK (CNN/Money) - Maybach, DaimlerChrysler's ultra-high-end luxury car brand, unveiled a 700-horsepower twin-turbocharged V12 concept car in Berlin today.

The car was created for use by the German tire manufacturer Fulda as a high-speed test vehicle, DaimlerChrysler said in an announcement.

The Exelero is an updated version of a car created in 1938 for Fulda. That car was based on a model by the original Maybach car company, also a maker of high-end luxury cars. The original Maybach company stopped making cars during World War II, but continued to make large engines, including those used in the German Army's Tiger Tanks.

Later, the company turned to making even larger engines used in ships and power plants. The company was eventually bought by Mercedes-Benz, now part of DaimlerChrysler (Research), which revived the Maybach name in 2002 for a line of large, powerful luxury cars. The least expensive Maybach, called the 57, costs about $325,000.

Tested on a high-speed track in Italy, the long two-door, two-seat Exelero achieved a top speed of about 218 miles per hour, the company said. There are no plans to introduce a production version of the car.