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Ford’s 1.0-liter EcoBoost engine has already been recognized as the 2012 International Engine of the Year, and now, adding to its list of accolades, a street legal Ford race car powered by the three-cylinder EcoBoost has just set the 11th fastest lap time on the Nürburgring.

The Ecoboost powered race car made it around the legendary German circuit in 7 minutes, 22 seconds, beating times set by 600+ horsepower cars such as the Lamborghini Aventador and Ferrari Enzo.

While it normally gets either 98 hp or 123 hp, the EcoBoost in the Ford Formula race car was rated at around 202 hp. That gives the car a top speed of 158.8 mph, and a 0-62 mph time of under four seconds. On the record setting run, Ford’s Formula race car ran the 12.94 mile circuit at an average speed of 105 mph.

In-house testing at Ford revealed that the racer also achieves frugal fuel economy numbers, getting 57 mpg while running at 75 mph. “We wanted to prove that size doesn’t matter by showing everyone what an amazingly capable engine we have developed in the 1.0-litre EcoBoost,” said Roelant de Waard, vice president of Marketing and Sales at Ford of Europe.

The 1.0-liter EcoBoost has also been proving its worth on the market, as about 30 percent of Ford Focus buyers have opted for the small three-cylinder over in Europe. Here in North America, we will get our hands on the 1.0-liter EcoBoost in the 2014 Ford Fiesta.

Read Autoguide’s review of the 1.0-liter EcoBoost here.